Anglo-South African financial services group Investec has too joined the list of bidder eyeing to buy Coutts International, the overseas wealth management arm of Royal Bank of Scotland (RBS), Sky News has reported.
Investec is among the half a dozen bidders who are interested in buying Coutts International.
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Coutts International, which is considered as a non-core asset by RBS CEO Ross McEwan, is expected to be sold during the course of 2015.
The deal is expected to fetch RBS between £500m and £650m.
However, the sale will not include a license to use the wealth management brand, which will remain with Coutts’ UK operations.
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