Macfarlanes has advised Investec Bank PLC on the sale of its international trust and fiduciary services business to Salamanca Group, the merchant banking and operational risk management business.

The business, which has currently over £4.5bn in assets under administration, will be run as a stand-alone trust & fiduciary business unit of Salamanca Group, re-branded as Salamanca Group Trust & Fiduciary.

Macfarlanes coordinated and worked with local counsel in Jersey, Mauritius, Switzerland, BVI and Panama on the transaction. The team was led by corporate M&A partner Simon Martin.