Barclays Wealth and Investment Management has sold a majority share of its trust and fiduciary business to an independent investor group, which has rebranded the unit as 'Zedra'. Barclays' wealth management business still retains a 19.9% stake in Zedra. Zedra has been in operation for over 50 years, and has clients across the core locations of Jersey, Guernsey, Singapore, the Cayman Islands, the Isle of Man, the UK, and Switzerland. The financial details of Barclays' sale of the unit has not been revealed.
Barclays Wealth and Investment Management has sold a majority share of its trust and fiduciary business to an independent investor group, which has rebranded the unit as 'Zedra'. Barclays' wealth management business still retains a 19.9% stake in Zedra. Zedra has been in operation for over 50 years, and has clients across the core locations of Jersey, Guernsey, the Isle of Man, the Cayman Islands, Singapore, the UK, and Switzerland. The financial details of Barclays' sale of the unit has not been revealed.