The fintech firm did not work with investment banks on the investment

Leading UK fintech firm TransferWise has staged a secondary share sale that values the company at $5bn — placing it once again among Europe’s most valuable startups.

The company’s staff and early backers have sold $319m worth of shares to a group of new and existing investors.

TransferWise completes $319m share sale at $5bn valuation

Ryan Weeks

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

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