Reuters logo
REFILE-Vontobel sells Liechtenstein operation to Kaiser Partner‍​
December 7, 2017 / 10:57 AM / in 5 days

REFILE-Vontobel sells Liechtenstein operation to Kaiser Partner‍​

(Refiles under new USN)

ZURICH, Dec 7 (Reuters) - Swiss private bank Vontobel is selling its Liechtenstein operation to wealth manager Kaiser Partner Privatbank, shifting a client portfolio with 1.4 billion Swiss francs ($1.41 billion) in assets under management.

The transaction is expected to close in the first quarter of 2018, subject to regulatory approval, the Zurich-based bank said on Thursday.

Both sides agreed not to disclose the terms of the deal that follows Vontobel’s decision to focus on its German and Swiss wealth management businesses. ($1 = 0.9912 Swiss francs) (Reporting by John Revill, editing by John Miller)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below