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February 5, 2014updated 04 Apr 2017 2:31pm

Salamanca Group completes acquisition of Investec Trust Group

Salamanca Group has completed the acquisition of Investec Trust Group from Investec Bank after obtaining the necessary regulatory approvals.

By Verdict Staff

Salamanca Group has completed the acquisition of Investec Trust Group from Investec Bank after obtaining the necessary regulatory approvals.

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The business currently has over £4.5 billion in assets under administration and will be run as a stand-alone Trust & Fiduciary business unit of Salamanca Group.

Salamanca Group said that the addition of this business provides the group a unique combination of quality and value added services to high-net-worth (HNW) and ultra-high-net-worth individuals (UHNW), entrepreneurs, financial and professional intermediaries, family offices and corporate entities.

Employing around 100 people of over 20 nationalities across offices in Jersey, Switzerland, South Africa and Mauritius, Salamanca Group Trust & Fiduciary is a business with global reach.

Martin Bellamy, CEO of Salamanca Group said: "The addition of Trust and Fiduciary capabilities to our client offering has been a key strategic objective for us so buying a business, which is best in peer group in each jurisdiction in which it operates, was critical."

"Salamanca Group can now build on a solid foundation of assisting clients to structure, and protect their assets as well as opening up new territories and services to include wealth preservation and succession planning," he added.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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