Goldman Sachs to acquire RBS money market funds

21st Oct 2013 15:44

Goldman Sachs Group is reportedly set to purchase money market funds being sold by Royal Bank of Scotland as it moves its focus to core customer franchises. Goldman Sachs is making the acquisition because the funds will go together well with its European and global fixed income and liquidity management businesses. As reported by The State, the deal, which is set to close in the first quarter of next year, will not affect the way the accounts are managed during the period of transition. NR