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Investec buys Ireland’s NCB

Jan 27 2012 09:47
Reuters

Company Data

INVESTEC LIMITED [JSE:INL]

Last traded 94
Change -1
% Change -1
Cumulative volume 459731
Market cap 0

Last Updated: 20-01-2017 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Dublin - Investec [JSE:INL] has acquired Irish securities group NCB, the South African financial group said on Friday.

Terms of the deal were not disclosed.

Dublin-based NCB, which employs 120 people, has around €1.3bn of private client funds under management.

“The NCB business will complement our successful capital markets business in Ireland and is consistent with the group’s overall objective to expand its fee-based and capital-light activities,” Michael Cullen, CEO of Investec Ireland, said in a statement.

 
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