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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. ....

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State-owned Scottish lender sells investment banking division for £54m

State-owned Scottish lender sells investment banking division for £54m
heraldscotland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldscotland.com Daily Mail and Mail on Sunday newspapers.

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