Brewin Dolphin's wholly-owned principal subsidiary, Brewin Dolphin Limited, has agreed to acquire the UK private client investment management business of Duncan Lawrie through the acquisition of Duncan Lawrie Asset Management Limited. DLAM is the investment management subsidiary of Duncan Lawrie Private Banking, the private banking arm of Camellia. The transaction is subject to certain regulatory approvals. Chief executive David Nicol said: "DLAM is a high quality investment management business and the acquisition is an excellent fit for us given the shared business philosophy centred on a personalised approach to client service. The transaction demonstrates the attraction of Brewin Dolphin to wealth management professionals and clients who value traditional, personalised services coupled with an innovative, forward looking approach."
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