investment Bank of Scotland ( plc ) has reached an agreement to sell its Luxembourg - based funds and to invest Capital Partners for an undisclosed amount , the company said on appeal ; the business sold had € 28.5bn of assets under consideration at the end of 2014 . The move continues RBS 's withdrawal from non - core operations .
Royal Bank of Scotland (RBS) has reached an agreement to sell its Luxembourg-based funds business to BlackFin Capital Partners for an undisclosed amount, the bank said on Tuesday; the business sold had €28.5bn of assets under administration at the end of 2014. The move continues RBS's withdrawal from non-core operations.