Harris Allday, as a part of EFG Private Bank Ltd., EFG International’s UK subsidiary, provides wealth management services, primarily to affluent clients, in the Midlands region of the United Kingdom from its main office in Birmingham and its locations in Shrewsbury and London.

With Assets under Management (AuM) totalling approximately GBP 3.1 billion, EFG International generated annual revenue of GBP 20.3 million in 2025 and currently has 77 employees (full-time equivalent).

“EFG International expects the sale to have a positive impact of approximately CHF 20 million on its profit before tax in the second half of 2026 and anticipates it will increase the Group’s CET1 capital ratio by approximately 30 basis points. The transaction is expected to close in the fourth quarter of 2026,” the Swiss venture said.

Post the transaction involving Canaccord Wealth, EFG International’s UK Region will focus on its core business in wealth management and private banking serving UK-based and international high-net-worth and ultra-high-net-worth clients.

With over 20 billion pounds in AuM, the UK business has remained a key pillar of EFG’s strategy.

Edward James, Harris Allday’s Managing Director, said, “The Harris Allday business has undergone significant transformation under EFG’s ownership, and, as a market-leading wealth manager, Canaccord Wealth is the right fit, with the scale and capabilities, to support the business, our colleagues, and clients going forward. Canaccord Wealth shares Harris Allday’s values, including its belief in creating and maintaining close, enduring relationships with clients.”

Harris Allday was founded in the West Midlands and, with a history spanning over 175 years, remains headquartered there to this day.

After being acquired by EFG in 2006, the business specialized itself further in providing tailored investment solutions to individuals, families, trusts, and charities with a local focus. In that process, the venture has built an outstanding and loyal client base.

It will be a win-win deal for Canaccord Wealth as well, given the latter’s strong and established footprint in the Midlands, where the majority of Harris Allday’s clients and client-facing teams are based.

“In combination with its capacity for growth and its profound understanding of clients, investment management, and financial planning, Canaccord Wealth is well-positioned to continue providing clients with a comprehensive service and wealth management expertise,” the venture said.

The post Zurich-based EFG sells UK wealth management business Harris Allday to rival Canaccord appeared first on International Finance.