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Investec buys Ireland’s NCB

Jan 27 2012 09:47 Reuters

Company Data

INVESTEC LIMITED [JSE:INL]

Last traded 93.10
Change -0.34
% Change 0.00
Cumulative volume 470072
Market cap 26.60bn

Last Updated: 31/07/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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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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