Palatine PE-backed SMP Group to acquire RBC Corporate Services Hong Kong.

Palatine PE-backed SMP Group, a global professional and financial services company, agreed to acquire Royal Bank of Canada Corporate Services Hong Kong, a division of RBC Investor & Treasury Services. Financial terms were not disclosed. "Hong Kong is an immensely important jurisdiction for us, in which we are driving impressive growth and raising the bar for internationally compliant corporate and private wealth services. This deal with RBC will accelerate our ambitious plans for the region, in a way that enhances our existing global service offering and brings an extended support network to clients. We’re extremely excited to start working with new colleagues and new clients alike," David Hudson, SMP Group CEO.