Wealth Management

Parmenion enlists Evercore to start work on potential sale

Bankers have been brought in with a view to offloading the investment platform next year

City veteran Martin Gilbert could be about to cash out of the wealth technology firm
City veteran Martin Gilbert could be about to cash out of the wealth technology firm Photo: Bloomberg/Getty Images

Investment platform Parmenion has called in bankers at Evercore to lay the groundwork for a potential sale, according to people familiar with the matter.

The platform and discretionary fund manager, which has around £10bn in assets and was previously part of Standard Life Aberdeen, could be put on the market next year, the people said.

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