UBP Snaps Up ABN Amro's Swiss Outfit
According to UBP, the deal represents a 20 percent increase to its overall assets under management and expands its Swiss private banking business. It comes at a time when the buyer is fighting to recover from steep losses amid the economic crisis.
The target, a subsidiary of Netherlands-based ABN Amro Bank NV, is a pure Swiss private bank that managed €11 billion in...
To view the full article, register now.