About This Deal

JPMorgan Chase & Co acquired Nutmeg Saving and Investment Limited, a transaction announced in June 2021.

Nutmeg Saving and Investment Limited operates in Digital wealth management (UK), is based in London, United Kingdom. JPMorgan Chase agreed to acquire Nutmeg, one of the UK's leading independent digital wealth managers, to complement the digital retail bank it was launching in the UK under the Chase brand. Founded in 2012, Nutmeg had grown to more than 140,000 investors and over GBP 3.5 billion of assets under management.

Anchor a UK digital wealth offering alongside the new Chase UK retail bank.

International Consumer / Chase UK

Deal Terms

Acquirer
JPMorgan Chase & Co
Target
Nutmeg Saving and Investment Limited
Value
Not disclosed
Date
June 2021
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
London, United Kingdom
Segment
Digital wealth management (UK)
Announced
June 17, 2021

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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