Barclays Considers Acquisition of Evelyn Partners to Target Wealthy Clients
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
0mins
Source: NASDAQ.COM
Barclays' Potential Takeover: Barclays PLC is considering a bid for Evelyn Partners, a major UK wealth manager, with a formal offer expected by December 10, 2023, as part of a competitive sale process valued at over £2.5 billion.
Interest from Competitors: Other financial institutions, including NatWest, Royal Bank of Canada, and Lloyds Banking Group, are also exploring bids for Evelyn Partners, although no guarantees of bids or transactions have been confirmed.
Growth Strategy in Wealth Management: Barclays aims to expand its Private Banking and Wealth Management segment by hiring up to 100 advisers and targeting approximately 4 million UK customers with investable assets between £250,000 and £3 million.
Financial Performance: The Private Bank and Wealth Management segment reported a 7.7% income growth year-over-year, totaling £1.03 billion for the nine months ending September 30, 2025, with a notable increase in attributable profit.
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About BCS
Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, UK Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused on the partnership market, as well as an online deposit franchise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Bidding Activity: Barclays and NatWest are expected to formally submit bids for wealth management firm Evelyn Partners on Thursday, indicating strong interest in the wealth management sector.
- Bid Scale: Both banks are offering over £2 billion for a firm that manages approximately £65 billion in assets, which would significantly enhance their market position if successful.
- Potential Competitors: Although the Royal Bank of Canada (RBC) is speculated to be linked to the auction, it remains unclear whether they will submit a bid, adding uncertainty to the competitive landscape.
- Shareholder Background: Evelyn Partners is owned by private equity firms Permira and Warburg Pincus, and this acquisition could impact their future strategic direction and investment decisions.
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- Bid Scale: Both banks are offering over £2 billion for a firm that manages approximately £65 billion in assets, which would significantly enhance their market position if successful.
- Potential Competitors: Although the Royal Bank of Canada (RBC) is speculated to be linked to the auction, it remains unclear whether they will submit a bid, adding uncertainty to the competitive landscape.
- Shareholder Background: Evelyn Partners is owned by private equity firms Permira and Warburg Pincus, and this acquisition could impact their future strategic direction and investment decisions.
See More
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- Leadership Appointment: Barclays has appointed Chetan Vohra as the Global Head of Securitized Products, reporting directly to Adeel Khan, which is expected to drive the next phase of growth for the securitized products platform and enhance cross-asset connectivity.
- Strategic Priority: Securitized products remain a core strategic priority for Barclays' Global Markets, with significant investments made in recent years to enhance capabilities in Agency and Non-Agency trading, thereby driving revenue growth.
- Extensive Experience: Vohra brings deep expertise in securitized products, having held several senior leadership roles at Citi, including Global Head of Securitized Products Trading, where he accumulated 19 years of industry experience, which is expected to provide new perspectives and strategies for Barclays.
- Team Building Skills: Adeel Khan praised Vohra's appointment, describing him as an “exceptional leader” with the ability to meet client demand, which is anticipated to further strengthen Barclays' securitized products business.
See More
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- Loan Market Outlook: Barclays anticipates a healthier mortgage origination market in 2026, believing that a 'benign' credit environment will support loan growth, potentially benefiting FAF's business opportunities.
- Digital Transformation: First American is accelerating its digital transformation by rolling out new title and escrow platforms like Endpoint and Sequoia, aiming to enhance operational efficiency through streamlined workflows and cost reductions.
- Compliance Challenges: Despite advancements in technology, FAF must navigate a heavily regulated industry to maintain compliance, with its performance influenced by real estate transaction volumes, cost control, and innovation capabilities.
See More
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- New Product Launch: Cognex has rolled out its first lineup of SLX™ devices specifically designed to address high-priority challenges in logistics, which are suitable for facilities beginning automation and as add-ons for existing systems, expected to enhance customer automation efficiency.
- Strong Market Demand: Despite the price target cut, Barclays highlighted that Cognex continues to experience strong demand trends in key markets such as electronics, test and measurement, and semiconductors, indicating a solid market position for the company.
- Future Development Plans: Cognex plans to expand its SLX lineup with more AI-driven, user-friendly devices aimed at reducing total cost of ownership (TCO) and improving overall equipment effectiveness (OEE), further solidifying its competitive edge in the industrial automation market.
See More
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- Market Context: The wave of crypto-related public debuts has shown no signs of slowing since President Trump returned to the White House last year, reflecting increased confidence in crypto assets and potentially providing a favorable environment for Ledger's IPO.
- Competitive Dynamics: Earlier this week, BitGo successfully began trading after raising approximately $213 million at a $2.08 billion valuation, further demonstrating the active fundraising environment in the crypto sector, which may attract more investor attention to Ledger's IPO.
- Bank Involvement: Major investment banks like Goldman Sachs, Jefferies, and Barclays are involved in Ledger's IPO plans; although they declined to comment, their participation adds credibility and market confidence to Ledger's upcoming public offering.
See More
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- Timeline Set: The transition is expected to be completed by the end of 2026, with the relocation of Barclays Europe SE's headquarters finalized in the first half of 2027, indicating the company's strategic planning for future operations.
- Market Reaction: Barclays stock (BCS) is trading at $25.46 in pre-market hours on the New York Stock Exchange, down 0.64%, reflecting a cautious market response to the relocation news.
- Strategic Implications: By moving its headquarters to Paris, Barclays aims to improve decision-making efficiency and governance structure in the European market, thereby better serving its investment banking operations across the continent.
See More
