Brewin Dolphin Takeover Hints at Asset Management Boom


London, UK -- (SBWire) -- 06/01/2022 --Takeovers by North American buyers have become increasingly common for UK companies in recent years (see also Morrisons and infrastructure investor John Laing). Now, the wealth manager Brewin Dolphin is going to be taken over by the Royal Bank of Canada in a £1.6 billion deal that will create the third-largest wealth management firm in the UK and Ireland - and potentially an asset management boom. Royal Bank of Canada already has a well-established capital markets business in the City and a strong international wealth management business (it is the sixth-largest in the US market and the biggest in Canada). Currently, its wealth management operations in the UK are more modest but that looks set to change thanks to the Brewin Dolphin takeover. Consolidation in the wealth management sector is a current trend, as the Brewin Dolphin takeover isn't the first in recent times. Aviva recently bought Succession Wealth Management for £385 million, for example, and Charles Stanley was taken over by the US-based Raymond James last year.

Consolidation and acquisition within the sector is creating plenty of activity for asset management recruiters like Selby Jennings. The firm, which was established in 2004, has extensive resources to help growing organisations thrive, including a database of more than a million mid-to-senior professionals that has been built up over the years. Selby Jennings is also a go to for talented people keen to take a career-defining next step, as the firm works with a broad spectrum of enterprises, from agile start-ups to global brands. It's not just as asset management recruiters where the firm has established significant expertise. The team at Selby Jennings is also able to provide hiring support across many other connected fields, including risk management and jobs in quantitative research and trading, fintech, insurance and actuarial and legal and compliance. Thanks to a combination of permanent, contract and multi-hire solution, options can always be found for every hiring need.

From London, to Birmingham and Manchester, the team at Selby Jennings has established a prominence as asset management recruiters with a global reach. Extensive nationwide coverage in the UK is combined with global experience, as the British team is part of a worldwide workforce that numbers more than 1,000. In addition, Selby Jennings is also the recruitment partner of choice to hundreds of world-leading companies as part of the Phaidon International group, which operates across 6 countries. The team have become go-to asset management recruiters thanks to extensive resources and insightful, specialist expertise across the business. The firm invests heavily in its own people to ensure this - consultants are trained on an ongoing basis and work with best-in-class recruitment technology and strategies. There are many different roles available via Selby Jennings today, including Valuation Actuary, Senior Investment Risk Analyst and VP - Buy Side Risk Manager.

The team at Selby Jennings said, "Little did we know that the pandemic would spark a new chapter for financial services. From ever-evolving regulations, mercurial consumer expectations, digital transformation, to the heightened competition from incumbents and new entrants, financial services verticals evolved at lightning speed – all while in a stage of poised recovery with the need to future-proof operations from additional disruption.

Alongside challenges brought on by the pandemic, financial services in 2021 were gripped by the wider political and socio-economic context that was Brexit, as banks and financial institutions packed their bags to move some, or all, of their operations to cities across Europe. However, Financial Services were one of the few bright spots of the past year, providing fuel to the economy and scaling up in a time where many sectors wouldn't take the risk. 2022 is already shaping up to be a record-breaking year in terms of talent movement, and we can't wait to help clients secure that world-class talent."

To find out more about asset management recruiters in the UK visit

For any media enquiries please contact Gary Elliot at Iconic Digital - 020 7100 0726

For all other enquiries please contact Selby Jennings: +44 (0) 20 3758 8800

For more information about Selby Jennings please go to

About Selby Jennings
Selby Jennings knows that building the right team isn't easy. However, with the support of the right hiring partner, access to key networks and contacts, it's possible to reimagine the process of recruitment to make it more positive, satisfying and productive.

Media Relations Contact

Gary Elliott
+44 (0) 20 3758 8800

View this press release online at: