01 April 2017

Carey Olsen advises BLJ Limited on sale to EFG Private Banking (Channel Islands) Limited

Carey Olsen advised BLJ Limited (formerly Bank Leumi (Jersey) Limited) on the sale of its Jersey private banking business to EFG Private Banking (Channel Islands) Limited and the sale of its trust company business, Leumi Overseas Trust Corporation Limited, to Valla Limited, completing Bank Leumi's strategic decision to divest itself of its Jersey business as part of a group-wide repositioning.

The firm acted as lead counsel to Bank Leumi on both transactions, with corporate and regulatory advice being led by corporate partner James Willmott, supported by senior associate Katherine Tresca, and employment and property advice being provided by partner Siobhan Riley, supported by counsel Huw Thomas, and partner Chris Philpott, supported by senior associate Will Whitehead, respectively."