Dutch bank ABN AMRO has agreed to sell Maas Capital to fast-growing America’s EnTrust Global.
Maas Capital’s portfolio consists of 15 controlling and non-controlling stakes in shipping, intermodal and offshore services related assets.
The sale accelerates the wind-down of the bank’s non-core activities, as announced in August 2020.
Gregg Hymowitz is the chairman and CEO of EnTrust Global. EnTrust Global’s total assets are now worth around $20bn. Hymowitz co-founded the company in 1997 after a long career with Goldman Sachs. Among Hymowitz’s key executives working on the shipping side of the business are Julian Proctor and Svein Engh.