NatWest Sells Mentor to Empowering People Group

NatWest sells Mentor, its small business HR service, to Empowering People Group, backed by Limerston Capital. This deal aligns with NatWests strategy to streamline operations and focus on steadier areas like wealth management. The sale follows NatWests previous divestments, including pensions fintech Cushon and its recent acquisition of wealth manager Evelyn Partners for £2.7 billion. The move aims to strengthen NatWests balance sheet and create a key growth area, despite initial investor concerns over integration costs and paused share buybacks. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/273992446704d0be