Alliance Witan shareholders poised to benefit from better liquidity and lower costs

Each trusts joined this 12 months’s funding belief M&A drive at this time (26 June) with information of the formation of Alliance Witan, a £5bn automobile that can possible be catapulted into the FTSE 100 to affix the likes of Scottish Mortgage and F&C funding belief.
The blockbuster merger, described by Stifel analysts as “essentially the most logical transfer”, comes because of Witan CEO Andrew Bell’s retirement, which prompted an invite for proposals from events for the long run administration of its portfolio.
“Whereas not an sudden transfer following the retirement of Witan CEO Andrew Bell, this announc…