NatWest to sell HR consultancy unit Mentor in streamlining push, Sky News reports

NatWest is selling its HR advisory business Mentor to private equity-backed Empowering People Group, per Sky News. The divestment is part of NatWest's strategic streamlining to focus on core banking and wealth management; the transaction size was not disclosed and is expected to have limited impact on the bank's capital or liquidity.

Analysis

NatWest is selling its HR advisory business Mentor to private equity-backed Empowering People Group, per Sky News. The divestment is part of NatWest's strategic streamlining to focus on core banking and wealth management; the transaction size was not disclosed and is expected to have limited impact on the bank's capital or liquidity.