RBC acquires Brewin Dolphin in £1.6bn deal

Tuesday 27 September 2022

Brewin Dolphin will now operate as ‘RBC Brewin Dolphin’, after the business was acquired by the Royal Bank of Canada in a £1.6bn deal.

RBC Wealth Management International and RBC Brewin Dolphin, which will continue to be led by CEO Robin Beer, will continue to operate as separate businesses until integration over the coming months.

RBC said there would be no immediate changes to the propositions that each business offers on day one.

"We are delighted to complete the acquisition of Brewin Dolphin and excited to welcome its clients and talented colleagues to RBC," David Thomas, RBC Wealth Management International CEO, said.

"Brewin Dolphin brings outstanding experience, and an impressive track record of growth, innovation and investment performance. Our shared client-centric culture and values have really shone through over the past few months, and we look forward to developing this further, increasing the depth and breadth of our offering to clients and intermediaries."

Robin Beer, CEO, RBC Brewin Dolphin added: "Our strategy to become a leading advice-focused, digitally enabled wealth manager is set to be accelerated by becoming part of RBC. What doesn't change is our focus on providing the exceptional advice and client focus that has been the foundation of our success and which made us of interest to RBC. In becoming RBC Brewin Dolphin we are combining two highly-regarded names and signalling our intention to further enhance our client proposition, and we are all incredibly excited about the future."