Salamanca group, the merchant banking and risk management business, has acquired the Investec Trust group of companies from Investec Bank for an undisclosed sum.
Investec Trust Services currently has over £4.5bn in assets under administration. The business will be run as a stand-alone division, and will be re-branded Salamanca Group Trust Services. It currently has offices in Jersey, Switzerland, South Africa and Mauritius and employs around 100 people, administering some 600 trust structures on behalf of clients. Clients include high net worth individuals and entrepreneurs; financial and professional intermediaries; family offices and corporate entities. Additionally the business regularly partners with specialist legal and tax adviser...
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