Investec Trust, the private wealth fiduciary business with offices in Jersey, South Africa Geneva and Mauritius is to be sold to Salamanca and the current Investec Trust management team.
Salamanca is a merchant banking and operational risk management group.
Investec Trust currently has around 600 trust structures holding over £4.5 billion in assets under administration. The business will be re-branded as Salamanca Group Trust Services following completion.
Fenchurch Advisory Partners acted for Investec Bank Plc and Salamanca Advisory acted for Salamanca Group and the management team.
The transaction is subject to regulatory approval.
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