Bank of Queensland has completed the acquisition of Investec’s private banking business, Investec Australia Limited (IAL).

Through this deal Investec will be able to focus on delivering solutions for corporate, institutional and Government clients across its core niches.

The acquisition will see the transfer IBAL’s professional finance and asset finance & leasing businesses to Bank of Queensland.

In addition, the acquisition will enable Investec to transform its business in Australia to focus on its core specialist niches including corporate advisory, aviation finance, resource finance, infrastructure finance and investment, corporate & acquisition finance, financial markets, and property.

Milton Samios of Investec Australia said: "Our commitment to our corporate, institutional, and government clients remains unchanged and IAL is now better positioned to offer clients access to the larger balance sheet and global capabilities of the broader Investec Group".

"In recent months Investec has advised PAS and SCA on their listing, and recently advised the shareholders of Ingeus on the sale of their business to Providence Service Corporation, provided acquisition facilities to Northern Star and Troy Resources, launched a new aircraft leasing business, and announced a partnership with the South Australian Government to deliver a unique affordable housing solution in Adelaide," Samios added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData