14th Apr 2015 05:30
LONDON (Alliance News) - The Royal Bank of Scotland Group PLC is planning to sell its Luxembourg-based fund management business as part of it wider restructuring plan to refocus on its core UK commercial and retail banking operations, the Financial Times reported on Monday.
The bank has appointed PricewaterhouseCoopers to advise on the sale of the business, which serves as an independent custodian of fund assets on behalf of other companies and handles around GBP20 billion in assets.
http://www.ft.com/cms/s/0/98547c52-e1f4-11e4-bb7f-00144feab7de.html?ftcamp=crm/email/2015414/nbe/UKBusiness/product#axzz3XAFjeJBy
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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