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Investec to acquire Edinburgh wealth adviser


Investec Wealth & Investment is to acquire Edinburgh wealth manager and financial planner Murray Asset Management for an undisclosed sum.

Murray Asset Management’s 20 employees will transfer to Investec Wealth & Investment.

Murray provides clients with a variety of wealth management services, including retirement planning and investment advice.

Earlier this week, Investec Wealth & Investment announced the promotion of commercial director Barbara-Anne King to CEO in October as part of a staff reshuffle.

Barbara-Anne King, chief executive of Investec Wealth & Investment, said: “We have ambitious growth plans to transform Investec Wealth & Investment into a business that is truly market-leading and delivers a best-in-class client experience.

“The acquisition of Murray Asset Management is an integral part of our strategy to enable us to provide our financial advisory services to more clients across the UK.”

Ruthven Gemmell, chief executive of Murray Asset Management, said: “We are delighted to be part of the Investec Wealth & Investment business, which is equally client-focused, highly valued in the market and has a similar investment approach. . By joining forces with Investec, we believe our clients will benefit from enhanced services. This is the next logical step for the development of our business and we look forward to becoming part of the Investec team.”

Lee Yeoman, director of Scotland and Northern Ireland, said: “Our team in Edinburgh is looking forward to welcoming everyone to Murray Asset Management and working with them to grow our joint business in the region.”

Subject to regulatory approval, Investec aims to complete the transaction by the end of September.

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