Smith & Williamson (S&W) has said it is taking all the necessary steps to prepare for a potential listing, including upgrading its technology platform, but it will not be ready before the second half of 2019.
The group said in September it has already started preparing for an IPO before it was approached by Rathbones, as merger talks between the groups broke down. S&W is now pressing ahead with its listing plans, although the group acknowledges they will take time. David Cobb, co-chief executive of Smith & Williamson, commented: "Today we are fully focussed on creating value for our clients, shareholders and employees by successfully investing to deliver our growth strategy. "In this light, we continue to prepare for a potential listing, and will be taking all the necessary steps to po...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
