Trust buyout at Rathbone

Tuesday, 2nd December 2008

By Christine Herbert

THE Jersey and Singapore trust businesses of Rathbone Brothers plc have been sold to their management team.

The announcement, made at the end of last week, is subject to regulatory approval, due diligence and contract. The terms of the deal have not yet been disclosed.

The management buyout is backed by private equity firm Dunedin. Neither the Rathbone investment management business in the Channel Islands nor the UK-based tax and trust businesses Rathbone Trust Company Ltd are part of the buyout.

Nigel Bentley, managing director of Rathbone in Jersey (pictured), said that final details of the takeover would be made public later next month.

Article posted on 21st July, 2008 - 3.00pm

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Article filed under: Business

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