NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, the British lender said on Wednesday, as it streamlines operations to focus on core banking and wealth management.
- Following the sale, NatWest Group will continue to offer access to Mentor’s services on a referral basis, the lender said.
- The financial terms of the deal, expected to close in the third or early fourth quarter of 2026, were not disclosed.
- Mentor, launched in 1997, offers consultancy services focused on employment law, HR, health and safety and environmental management.
- All 220 Mentor employees will transfer to Empowering People Group, according to Sky News, which first reported on the deal.
- In early February, 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.
- Empowering People Group, backed by London-based buyout firm Limerston Capital, did not immediately respond to Reuters’ request for comment.
