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Intertrust N.V. (“Intertrust” or “Company”) [ticker symbol INTER] a leading global provider of high-value trust and corporate services today announced the sale of its banking activities in Cayman to Cainvest, a Cayman-based private bank.
The activities involved representative banking services employed two FTE’s (who will transfer with the business) and are considered non-core. The terms of the deal will not be disclosed. The transaction will have no effect on Intertrust’s profitability going forward.
A PDF of this press release can be found here.