shard london

City trio win mandates as Warburg Pincus revives wealth manager tie-up

Freshfields Bruckhaus Deringer, Kirkland & Ellis and Macfarlanes have taken lead roles on the revised merger between wealth managers Tilney and Smith & Wiliamson. The original deal, struck last September, came under pressure in March when the Financial Conduct Authority reported concerns over the level of debt that the combined businesses would carry. The transaction […]

DWF Manchester

Leaitherland’s DWF exit deal: departing CEO to keep 70 per cent of shares

DWF’s departing CEO Andrew Leaitherland is to be paid an annual salary of £530,000 over the next 12 months, while nearly a third of his shares in the firm will be clawed back by the business. Details of Leaitherland’s lucrative exit package have emerged following his shock departure from the listed outfit on Friday, which […]

DWF Manchester

DWF braces for cuts in the wake of Leaitherland’s departure

DWF’s board has highlighted a need for cost savings, with details laid out during a partnership call held shortly after it was announced that Andrew Leaitherland would depart as its CEO. Sources close to the quick remote gathering conducted on Friday morning said that newly-appointed CEO Nigel Knowles highlighted commitment to international growth, but stressed […]