Pinsent Masons advises Royal London on sale of segregated cash management business
05 Nov 2018 | 05:09 pm |
International Law Firm Pinsent Masons has advised The Royal London Mutual Insurance Society Limited on the sale of Royal London Asset Management CI Limited and Royal London Custody Services CI Limited.
Both businesses manage cash on a segregated account basis and are based in Guernsey.
They have been acquired for an undisclosed sum by the Channel Island-based investment services group, Ravenscroft Holdings Limited. The sale will increase Ravenscroft's assets under administration to more than £6.5 billion.
The Pinsent Masons team advising Royal London on the transaction was led by corporate partner Hannah Brader and corporate associates Emma Dawe and Christina Cooke.
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