M and A
Investec Acquires Irish Financial Services, Wealth Management Firm
Investec, the UK/South Africa-listed firm operating
businesses including a private bank, has acquired Ireland-based
NCB for an
undisclosed sum.
The transaction is subject to regulatory approval, Investec
said in a statement last week.
Domestically, Investec Ireland
provides treasury products to Irish companies, and is located out
of Dublin.
NCB is described as having “a significant presence in
corporate finance, wealth management and capital markets”.
Established by
Dermot Desmond in the early 1980s the firm employs 120 people,
providing
services to a client base of Irish and internationally-based
corporate
customers, high-net worth clients and institutional
investors. NCB has approximately €1.3 billion (around
$1.7 billion) of private client funds under management.
