NatWest completes £2.7bn Evelyn deal, creating UK’s largest wealth manager

NatWest Group finalized its £2.7 billion acquisition of Evelyn Partners on June 30, 2026. This transaction establishes NatWest as the leading private banking and wealth management business in the UK.

The deal adds Evelyn Partners’ £69 billion in assets to NatWest’s existing £59 billion. The combined entity now manages £127 billion in total assets.

NatWest expects the acquisition to be accretive to growth and shareholder returns in its first year. The bank anticipates annual cost synergies of approximately £100 million. Integration will combine Evelyn’s financial planning services with NatWest’s banking products to increase fee-based revenue.