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Mourant, an international professional services firm, has acted for members of the NCB Financial Group on a strategic intra-group restructure which forms part of the Group’s efforts to optimise its business structure and align related business activities.
The transaction involves the sale by National Commercial Bank Jamaica Limited of its wholly-owned subsidiaries, NCB (Cayman) Limited and NCB Trust Company (Cayman) Limited, to Clarien Bank Limited, and the linked sale by NCB Capital Markets (Cayman) Ltd. of a defined portfolio of wealth and investment management client relationships. The deal is subject to certain closing conditions and regulatory approval.
The Mourant Corporate team was led by Partners Tom McLaughlin and Catherine Pham, supported by Associate Paris Goode and Paralegal Charmaine Yu. Specialist financial services regulatory advice was provided by Partner Sara Galletly and her team.
Tom commented: “We were pleased to support our clients on this important strategic internal realignment. This is a great example of the way our corporate and regulatory experts are able to closely collaborate to provide integrated advice on complex cross-border share and asset-sale transactions, particularly those involving regulated financial services businesses.”
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Chloe Whittaker, External Communications and Content Manager:
About Mourant
Mourant is an international professional services firm with over 60 years’ experience in the financial services sector.
We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
We are an international and globally-integrated firm with offices in a number of the world’s leading international finance centres, including London, Singapore and Hong Kong. Our business is intrinsically linked to the global economy and the capital flows that support it. We serve the needs of our clients in all major time zones, facilitating responsible cross-border finance and investment, the pooling and protection of capital and the resolution of disputes.
Our clients include many of the world’s leading financial institutions, international corporations, asset managers and institutional investors. We are routinely instructed to work alongside the world’s pre-eminent legal, accounting and financial services firms.
We have an outstanding reputation for integrity and professional ethics, underpinned by a strong risk management culture.
Find out more: mourant.com