Cazenove Capital has acquired independent fund manager Thornhill for an undisclosed sum.
The purchase of the discretionary wealth manager will give Cazenove an additional £600m of assets. It takes the group's assets managed on behalf of private clients to £6.5bn, charities to £2.5bn, and total group assets under management to over £14bn. Cazenove Capital chief executive Andrew Ross says: "Given the similar culture, approach to investment and focus on client service, Thornhill and Cazenove Capital are an excellent strategic fit, both being independent businesses largely owned by their employees. We are excited by the addition of Thornhill and look forward to welcoming their ...
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