Arbuthnot Banking Group plc (LON:ABG) is the topic of conversation when Mark Thomas, Analyst at Hardman & Co joins DirectorsTalk. Mark runs us through the deal, the strategy, terms of the deal, more about Asset Alliance and thoughts on more deals like this.
Arbuthnot Banking Group has a well-funded and capitalised private bank, and has been growing commercial banking very strongly. It holds a 9.85% stake in Secure Trust Bank (STB).
Sir Henry Angest Chairman and CEO of the Group said:
“We are delighted to welcome Willie and his team to the Group. This acquisition of Asset Alliance is complementary to our strategy of diversification and developing businesses in the specialist commercial finance sectors. Their experienced management team have built the foundations for future growth and now that it will no longer be constrained by third party funding limits, I look forward to Arbuthnot enabling this business to grow and prosper in the future.”
