A team of experts from Gowling WLG's Corporate team has supported Nedbank Private Wealth in the sale of Nedgroup Trust to Suntera Global (an independent global provider of fund, corporate and private wealth services). Completion of the transaction is subject to usual regulatory consents.
Currently owned by Nedbank Private Wealth Limited, Nedgroup Trust provides a full suite of fiduciary services to high-net worth individuals, high-net worth individuals, family offices and owner managed businesses and has a team of 70 staff across the Channel Islands
The legal team advising Nedbank Private Wealth was led by corporate partner Neil Hendron supported by principal associate Sian Dewing and trainee Benjamin Obinali. Carey Olsen provided Jersey and Guernsey law support.
Commenting on the team's role, Neil said: "It has been a pleasure to advise Nedbank on this disposal and we were very pleased to assist with what should be a positive step for both groups going forward."