Brewin Dolphin has completed its buyout of Investec’s Republic of Ireland wealth management arm, for a total consideration of €50 million (£43 million).

The combined business has funds under management of €4.8 billion (€2.9 billion from Investec), and the net consideration paid after adjustments was €44 million. Net assets of the business comprised surplus capital of €6.2 million, its client relationships were valued at €37.2 million and other assets at €13 million.

The deal was originally announced in May.

Investec said at the time that the deal had taken place "in light of changes in its Iri...