Investec buys Ireland’s NCB
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.