AnaCap is taking over the French retail and wealth management division of Barclays and is planning a full IT overhaul

AnaCap has big plans for France

AnaCap Financial Partners, a UK-based private equity firm, will take over the French retail, life insurance, wealth and investment management and brokerage businesses of Barclays.

Negotiations have been underway since May and the deal is pending regulatory approval.

AnaCap aims to create “the leading independent asset manager in France”. The plan is to restart the mortgage …

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