Swiss UBP to acquire Danske Bank's international wealth management business
Reuters
Published Jul 01, 2021 04:54AM ET
ZURICH (Reuters) - Swiss private bank Union Bancaire Privée "This transaction confirms our ambition to increase our footprint in Luxembourg, which became UBP's European hub a few years ago," Chief Executive Guy de Picciotto said in a statement. Following the transaction, UBP's managed assets in Luxembourg will reach around 33 billion Swiss francs ($35.63 billion), it said.
The transaction is expected to be completed in the fourth quarter pending regulatory approval, UBP said.
($1 = 0.9261 Swiss francs)
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Written By: Reuters
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