Carson McDowell advises Davy Private Clients
18 July 2017
Carson McDowell was delighted to advise Davy Private Clients in relation to its acquisition of Danske Bank’s high-end investment business to a global wealth management firm. The transaction will involve the acquisition of Danske Bank's portfolio of more than 1,100 of its customers, who would be seeking investment options of more than £150,000. As part of the deal, 12 Danske Bank employees will join Davy. The move is due to take place by the end of October. Davy is Northern Ireland's largest wealth manager, with overall assets under management across the UK and Ireland in excess of £12bn.
The Carson McDowell team advising Davy was Michael Johnston, Gerard Armstrong, Rachel Penny and Dawn McKnight.
Stephen Felle, chief executive of Davy UK, said of the deal: "We are delighted to welcome Danske Bank's discretionary wealth management customers and the associated staff to Davy. Over our 90-year history, Davy has focused on making a difference that matters to our customers."