Kleinworth Benson completes £26.4m acquisition of Close Offshore Group
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Kleinwort Benson has completed its purchase of Close Offshore Group for £26.4m.
The acquisition, which was announced in March, comprises COG’s private banking, fund administration, fund management, trust and asset management businesses across Guernsey, Jersey and the Isle of Man. It also includes COG’s shared service centre in Cape Town.
The acquisition increases the size of Kleinwort Benson’s private wealth assets under management by £1.6 billion.
COG entities will be rebranding as Kleinwort Benson.
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