RBS-Sanc­tum Close Deal

The Economic Times - - Companies -

Royal Bank of Scot­land group has con­cluded the deal to sell its pri­vate bank­ing oper­a­tions in In­dia to Sanc­tum Wealth Man­age­ment. This mark's the launch of Sanc­tum Wealth Man­age­ment in In­dia. Sanc­tum, which had signed the agree­ment with RBS in Septem­ber has ac­quired all the nec­es­sary li­censes and ap­provals as well as suc­cess­fully man­aged the mi­gra­tion of the busi­ness, in­clud­ing clients and peo­ple, from RBS Pri­vate Bank­ing, a state­ment said.


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