Meteor confirms acquisition of NDF/DRL books
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Meteor has agreed to acquire the structured product ‘investment books’ of NDF Administration and Defined Returns from administrator Grant Thornton UK LLP.
As previously announced Meteor will take on responsibility for administration of accounts including the processing of income payments, surrenders and maturities and has agreed to take on all planholders in both companies except for those who are invested in Lehman backed products.
The transfer of the book will take place in March 2010.
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