RBS looks to Ashurst as its plans to refocus bank on the UK market leads to disposal of Coutts’ £20bn division
March 27, 2015 at 08:11 AM
1 minute read
The original version of this story was published on Legalweek
Ashurst and Homburger are among the lead advisers on Royal Bank of Scotland’s (RBS) sale of the overseas arm of private bank Coutts International to Switzerland’s Union Bancaire Privee (UBP).
The price of the deal was not disclosed by either party, but reports have estimated it to be in the region of $600m-$800m (
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