Goldman Sachs Asset Management (“GSAM”) announced today that it will acquire the Global Treasury Funds, which are a range of money market funds managed by RBS Asset Management (“RBSAM”).

James Dawson, corporate M&A partner at Macfarlanes added: "We are delighted to have assisted RBS and RBSAM on this transaction."

The transaction is expected to close in the first quarter of 2014, subject to approval by the Central Bank of Ireland and the Irish Stock Exchange (the Global Treasury Funds are Irish domiciled funds), as well as a fund investor vote.

Macfarlanes acted for RBS and RBSAM on matters of English law with A&L Goodbody providing Irish law advice.