Tilney NABs control of Clydesdale funds outfit
TILNEY Investment Management is to take control of the Clydesdale Bank's discretionary investment management business for an undisclosed sum.
The Scottish bank's owner, National Australia Bank (NAB), said the transfer of the funds business, which has 300 million under management, is expected to be completed by June.
Tilney is one of the largest independent wealth managers in the UK, with more than 12,000 clients and assets under management in excess of 5 billion.
Its deal with NAB also includes the Yorkshire Bank's discretionary investment management portfolio.
David Campbell, Tilney's Edinburgh-born chief executive, said: "The level of service and support we can offer these new clients will be significantly enhanced."
Email to a friend
Print this page- Teacher dies and 27 injured in coach crash
- Brian Monteith: Positive push to keep Scotland in the union
- David Cameron is playing into the SNP’s hands, says Michael Forsyth
- Rangers administration: European hopes in doubt as wait goes on for tax tribunal result
- Hibs 0 - 5 Celtic: Generous Hibs prove perfect party hosts
- David Cameron is playing into the SNP’s hands, says Michael Forsyth
- Scottish independence: Ruth Davidson points to welfare
- Alan Pattullo: Dignity, not sanctimony, is required at Parkhead
- Scottish independence: SNP’s plans ‘in a state of flux’, Willie Rennie claims
- ‘Business hub’ plan on site of old Fountainbridge brewery
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Monday 20 February 2012
Today
Light rain
Temperature: 8 C to 9 C
Wind Speed: 26 mph
Wind direction: South west
Tomorrow
Cloudy
Temperature: 9 C to 12 C
Wind Speed: 20 mph
Wind direction: South west
