Skipton sells £900m wealth management operation
SKIPTON Building Society has continued to off load subsidiary businesses with a deal to sell its Torquil Clark wealth management operation.
The Wolverhampton-based firm, which manages £900m of client assets, has been acquired by national wealth manager Bellpenny for an undisclosed sum.
It follows Skipton, the UK's fourth largest society, selling its mortgage services operation Homeloan Management for £47.5m to Bristol-based Computershare and its health insurance arm PHP for an undisclosed sum.
The deal, which a... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
