ROYAL Bank of Scotland owner NatWest Group has offloaded part of its Adam & Company private banking operation, including the brand name. Canaccord Genuity Group has acquired the investment management business of Adam & Co in a cash deal worth £54 million. It comes two months after speculation emerged that NatWest was exploring the sale. The deal does not include Adam & Co's banking and lending business, which will now be rolled into the Coutts private bank operation. READ MORE: A CouttsScotland team will be created and operated across three locations, while the Adam & Co business in London will be integrated into Coutts Coverage, NatWest said. The number of staff affected has not been disclosed.