A BANK in which the family trust of former billionaire and St Saviour resident Kevin Leech is the biggest shareholder has struck a near £30 million deal to buy local investment funds group Belgravia.
The deal secures the future of the 20 employees of Belgravia in Jersey.
London market-quoted First London Securities have agreed to buy the Pier Road-based business subject to approval from the Jersey Financial Services Commission and other regulatory formalities.
Belgravia founder Duncan Hickman died suddenly last month aged 40. However, negotiations had been going on for some time before his death. And if the share transfer transaction is approved, the new owners say that all staff locally will retain their jobs and there will be expansion opportunities.
