Duncan Lawrie, a UK private bank, has acquired Douglas Deakin Young, a small investment management firm, based in London’s West End. Terms o...

Duncan Lawrie, a UK private bank, has acquired Douglas Deakin Young, a small investment management firm, based in London’s West End. Terms of the deal were not disclosed. DDY has around £250 million ($473.5 million) assets under management. A statement from Duncan Lawrie said both organisations will maintain its name and independence. “By joining together Duncan Lawrie and DDY, both sets of clients will benefit,” said Peter Field, managing director of Duncan Lawrie said in a statement. “Culturally, both organisations are compatible and we both believe in offering the client a personal, caring and friendly service founded on an in-depth understanding of their financial affairs.”