The preliminary results for Rathbones Group reflects the “difficult” year 2022 was in markets, with its total funds under management down 11.6% for the year.
Its FUAM was £60.2bn at 31 December 2022, down from £68.2bn at 31 December 2021, which Rathbones' CEO Paul Stockton said was due to "uncertainty across UK and global markets, driven by macroeconomic and geopolitical volatility" which "contributed to an adverse movement" on assets' values last year across markets. This total was comprised of £45.1bn in its investment management business (which was £50.3bn at the end of 2021), £11bn in the Rathbones Funds business (down from £13bn) and £4.1bn in Saunderson House (a decline from £4.9bn in the period). Rathbone Greenbank Investments hires...
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