Salamanca Group announces trust and fiduciary management buyout
Salamanca Group, the London-based merchant banking business, has signed a binding sale and purchase agreement to complete a management buyout of their trust and fiduciary business (SGTF). Financial details of the transaction were not disclosed and completion is subject to regulatory approvals in Jersey and Mauritius.
Founded over forty years ago, SGTF is a global trust and multi-family office firm that serves international families with cross-border assets. The business has grown to administer and oversee US$10 billion of financial and non-financial assets.