Handelsbanken has received permission from the UK Financial Conduct Authority to acquire UK-based wealth management firm Heartwood Wealth Group.
Handelsbanken is acquiring all shares in Heartwood, including its wholly owned subsidiary Heartwood Wealth Management.
Initially, the acquisition will have only a marginal impact on the Handelsbanken Group’s key figures.
Heartwood has some 90 employees and conducts discretionary management with assets under management of approximately GBP1.6bn.
