Rathbones

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Rathbones Group
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Rathbones Group Plc
RevenueIncrease £508.9 million (2023)[1]
Decrease £57.6 million (2023)[1]
Decrease £37.5 million (2023)[1]
AUM£60.2 billion (2022)[1]
Number of employees
1,900 (2022)[2]
Websitewww.rathbones.com

Rathbones Group Plc is a

tax planning, trust and company management, pension advice and banking services. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index
.

History

The business was founded by

East India Company.[3] In 1912 it abandoned its trading operations and focused on financial management,[3] initially for the Rathbone family, but subsequently for the general public. In 1988 it merged with Comprehensive Financial Services Ltd to form Rathbone Brothers plc[3] and thereby secured a listing on the London Stock Exchange.[4] It changed its name from Rathbone Brothers to Rathbones Group on 1 December 2021.[5]

In April 2023, Rathbones agreed to buy Investec's wealth and investment businesses in the UK and Channel Islands for £839 million. The deal excludes Investec Bank (Switzerland) and Investec International wealth business.[6]

Operations

The company provides investment management, financial planning, tax and trust services.[7] It has 14 offices located all over the UK and Jersey.[8]

The current CEO is Paul Stockton, who was appointed to the position in May 2019.[9][10] He had previously worked at the company from 2008, as group financial and managing director.[10]

Responsible business

Previous logo

The Rathbones Group Foundation is the charitable arm of the group, supporting charities that pay particular attention to at risk and vulnerable youths.[11]

References

  1. ^ a b c d "Preliminary Results 2023" (PDF). Rathbones Group Plc. Retrieved 6 March 2024.
  2. ^ "Rathbone Brothers". Craft. Retrieved 15 July 2022.
  3. ^ a b c d University of Liverpool: Collections Archived 2011-07-27 at the Wayback Machine
  4. ^ "Rathbones: Share History".
  5. ^ "Change of name for Rathbone Brothers". Financial Planning Today. 1 December 2021. Retrieved 17 February 2022.
  6. ^ "Rathbones agrees wealth deal with Investec to create £100bn business". Financial Times. 4 April 2023. Retrieved 19 April 2023.
  7. ^ "About us". Rathbones. 27 May 2015. Retrieved 23 April 2017.
  8. ^ "Our offices". Rathbones. 2 June 2015. Retrieved 3 October 2022.
  9. ^ "Paul Robert Stockton, Rathbone Group PLC: Profile and Biography". Bloomberg.com. Retrieved 27 August 2020.
  10. ^ a b "Our people". Rathbones. 5 August 2015. Retrieved 27 August 2020.
  11. ^ "Community". Rathbones. 3 October 2022. Retrieved 3 October 2022.

Further reading

  • David Lascelles (2008) The Story of Rathbones since 1742. London: James & James (Publishers) Ltd
  • Lucy Nottingham (1992) Rathbone Brothers From Merchant to Banker 1742-1992, Rathbone Brothers plc.
  • Sheila Marriner (1961) Rathbones of Liverpool 1845-73 Liverpool University Press

External links