US investment bank makes another move into the British retail finance market

Goldman Sachs has made another eye-catching move into the UK's retail finance market, taking a material stake in Nutmeg, the high-profile digital wealth manager.

The US investment bank has “co-led” a new £45m fundraising round at the privately held firm, Nutmeg said on January 22, alongside existing investor Convoy, a Hong Kong-based financial advisory business.

Goldman Sachs takes stake in UK wealth manager Nutmeg

Mark Cobley

Goldman Sachs

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