Singapore-headquartered investment and wealth management group PhillipCapital has completed the acquisition of UK financial services company Walker Crips Group plc.
As a well-resourced, resilient and patient parent, PhillipCapital will provide material support to Walker Crips in order to achieve its short- and long-term goals. It will enable Walker Crips to deploy its ambitious organic and inorganic growth strategy, centred around its core business units in investment management and its differentiated structured products offering.
In addition, the backing of PhillipCapital will initiate a fundamental evolution of Walker Crips’ technology and infrastructure to achieve economies of scale, reduce operational costs and above all, support enhanced client service.
The Singapore-headquartered wealth firm recognises the combined strength of the Walker Crips brand and loyal client base, and maintains strong conviction in the underlying strength of the business, its people, and the long-term potential of the business as a resilient and trusted name in UK wealth management.
Following the acquisition, PhillipCapital will retain the Walker Crips brand, reflecting its strong heritage and the brand will co-exist with the PhillipCapital name. Walker Crips’ head office will remain in London.
Staff
Walker Crips’ joint chief executives, Sean Lam and Christian Dougal, and other members of the senior management team will remain with the Walker Crips Group.
Mark Nelligan has resigned as a non-executive director of Walker Crips following the deal. Hua Min Lim and Linus Lim, representatives of the PhillipCapital Group, previously appointed as non-executive directors to the Walker Crips Board, will remain as directors of Walker Crips.
The completion of the deal has seen Walker Crips delist from the London Stock Exchange. Walker Crips shares were suspended from the London Stock Exchange at 7.30 am today. It is expected that the cancellation of trading in Walker Crips Shares on LSE and the cancellation of the listing of Walker Crips Shares on the Official List will take effect by no later than 8am on 4 March 2026.
Sean Lam and Christian Dougal, joint CEOs at Walker Crips Group, said: “Today represents the start of a bright new chapter for Walker Crips. We have known and respected the senior team at PhillipCapital for many years and have benefitted from their shareholding in our business for over three decades. This transaction represents their ongoing commitment to the group and our clients.
“With the backing of a global financial services group, we now have the stability and resources to continue to develop innovative and truly bespoke services for our clients.”
