Daily archive for March 18, 2013

Schroders takes stake in St James’s Place

On March 18, 2013 / Fishtank, M&A, Schroders, St James's Place

A Schroders’ equities fund has bought about a £135m stake in St James’s Place, after Lloyds Banking Group said it planned to reduce its ownership in the wealth manager. Lloyds said yesterday it had employed Bank of America Merrill Lynch to sell down a roughly 20% stake in St James’s Place, which

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