The company became 'Allied Dunbar' in 1985 after it purchased Dunbar & Co., a small private bank, following the acquisition by BAT Industries. The asset management department was hived off to form Threadneedle Investments, and it was bought out by Zurich Financial Services in 1998.
The company underwent significant changes in 1985 when it merged with Dunbar & Co., a small private bank acquired by BAT Industries. The asset management department was separated to create Threadneedle Investments, which was subsequently purchased by Zurich Financial Services in 1998.