NatWest Group completed its acquisition of wealth manager Evelyn Partners on June 30, 2026. The transaction cost £2.7 billion. This move establishes one of the largest private banking and wealth management businesses in the U.K.
Evelyn Partners contributes £69 billion in assets under management and administration (AUMA). NatWest adds its existing £59 billion to the transaction. The combined business now manages a total of £127 billion in AUMA.
NatWest expects group-wide fee income to increase by approximately 20% before revenue synergies. The bank targets annual cost synergies of £100 million. Management anticipates the deal will be accretive to growth and return on tangible equity within the first year.
The acquisition transforms NatWest's financial planning and investment management capabilities. It positions the bank to offer wider services to its broad customer base.