{"id":1698,"date":"2019-11-01T11:38:00","date_gmt":"2019-11-01T11:38:00","guid":{"rendered":"https:\/\/www.brewin.co.uk\/group\/media\/news-and-comments\/2020-01\/brewin-dolphin-bolsters-its-business-in-ireland-with-investec-acquisition\/"},"modified":"2023-11-06T09:16:55","modified_gmt":"2023-11-06T09:16:55","slug":"brewin-dolphin-bolsters-its-business-ireland","status":"publish","type":"rbcwm_news","link":"https:\/\/www.brewin.co.uk\/group\/media\/news-and-comments\/2019-11\/brewin-dolphin-bolsters-its-business-ireland","title":{"rendered":"Brewin Dolphin bolsters its business in Ireland with Investec acquisition"},"content":{"rendered":"

Completion of Investec Wealth acquisition makes Brewin Dolphin the third largest discretionary wealth manager in the Republic of Ireland <\/span><\/strong><\/p>

Brewin Dolphin, the wealth manager, has today announced the completion of the acquisition of Investec\u2019s wealth management business in Ireland. <\/span><\/p>

The \u20ac44 million acquisition substantially increases <\/span>Brewin Dolphin\u2019s presence in one of Europe\u2019s fastest growing economies, making it the third largest discretionary wealth manager in the Republic of Ireland.<\/span><\/p>

The completion marks the first formal step towards becoming an integrated business with a total of <\/span>\u20ac4.8bn* assets under management and <\/span>\u20ac50 billion across Ireland and the UK. With offices in Dublin and Cork, the Irish business will be the third largest Brewin Dolphin office by assets and is well positioned for future growth. <\/span><\/p>

Commenting on the acquisition, Matt Minch, Brewin Dolphin Ireland\u2019s managing director, said: \u201c<\/span>Our coming together enables us to combine the best qualities of both firms to deliver an even better service for clients in Ireland and to a wider audience. Our newly combined team will provide wealth management services of the highest standard, with unrivalled personal service that is best in class.<\/span><\/p>

\u201cThe shared culture, values and investment philosophy of our two companies was one of the primary reasons for Brewin Dolphin Ireland seeking to join forces with Investec\u2019s Irish wealth management business, allowing for the seamless integration of the two businesses in the months ahead.\u201d<\/span><\/p>

As one of Europe\u2019s fastest growing economies, Ireland has attractive demographics for the wealth manager with one of the youngest populations in Europe and a growing demand for advice. Brewin Dolphin\u2019s advice-led model and unrivalled private client capability is well-matched to the large and growing opportunity there. The combined Brewin Dolphin and Investec business will provide a comprehensive, personalised service that aims to meet the increased demand for wealth management products and services for professionals, business owners and retired clients. <\/span><\/p>

Eddie Clarke, previously head of Investec\u2019s wealth business in Ireland and now a director of Brewin Dolphin Ireland, said: \u201cGiven the ongoing evolution and change within the wealth management industry, we believe there is a clear strategic rationale for us to come together at this time. The additional scale, combined with a singular focus on wealth management, will allow us to continue to invest in delivering our clients world class, highly individualised wealth and investment solutions.<\/span><\/p>

\u201cWe have known and admired Brewin Dolphin for many years. They have led the way in bringing a high touch personal approach to discretionary investment management in Ireland.\u201c<\/span><\/p>

 <\/span><\/p>

*As of 30\/9\/19<\/em><\/span><\/p>

– Ends –<\/span><\/strong><\/p>

 <\/span><\/p>

PRESS INFORMATION<\/span><\/strong><\/p>

For further information, please contact:<\/p>

Powerscourt: brewindolphin@powerscourt-group.com<\/a> Tel: +353 87 236 5973 or +353 87 901 6201<\/p>

 <\/p>

NOTES TO EDITORS <\/strong><\/p>

Disclaimers: <\/span><\/p>