Bank of Scotland, part of the HBOS group, has acquired a 9.9 percent stake in the Carlton Financial Group, the independent private merchant banking group based in London and one of the founding members of Clairfield Partners. Under the terms of this agreement, Bank of Scotland and Carlton will work together to develop opportunities throughout the Carlton network for HBOS to apply its significant financial strength to funding property and industrial transactions. HBOS joins an impressive team at Carlton whose shareholders include Andrew Taee, George Magan, and Sir Francis Mackay.
Founded in 2004, Carlton Financial Group consists of two complementary businesses: Carlton Corporate Finance, an independent corporate finance and advisory firm, and Carlton Capital Partners LLP, which provides investment management advisory services to private clients and investment institutions.
Halifax and Bank of Scotland merged in 2001, creating the fifth largest bank in the United Kingdom.