Published by Global Banking & Finance Review®
Posted on March 25, 2026
2 min readLast updated: March 25, 2026
Add as preferred source on GoogleNatWest is selling its HR advisory arm, Mentor, to Empowering People Group (backed by Limerston Capital), transferring all 220 employees, part of its strategy to streamline and focus on core banking and wealth management alongside its recent £2.7 billion Evelyn Partners acquisition.
March 25 (Reuters) - NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, Sky News reported on Wednesday, as the British lender streamlines operations to focus on core banking and wealth management.
The financial terms of the deal were not revealed in the Sky News report.
Mentor offers consultancy services focused on employment law, HR, health and safety and environmental management.
All 220 Mentor employees will transfer to Empowering People Group, which is owned by London-based buyout firm Limerston Capital, according to the report.
The news comes more than a month after NatWest agreed to buy one of Britain's largest wealth managers, Evelyn Partners, for $3.62 billion including debt, in a bid to expand its wealth management business.
NatWest declined to comment, while Empowering People Group did not immediately respond to Reuters' queries.
($1 = 0.7467 pounds)
(Reporting by Nithyashree R B in Bengaluru; Editing by Jonathan Ananda)
Empowering People Group, backed by Limerston Capital, is acquiring Mentor from NatWest.
NatWest is streamlining operations to focus on its core banking and wealth management businesses.
Mentor offers consultancy services in employment law, HR, health and safety, and environmental management.
All 220 Mentor employees will transfer to Empowering People Group as part of the deal.
No, the financial terms of the deal were not revealed in the Sky News report.
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