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Swiss private bank to buy Credit Suisse subsidiary
- United Arab Emirates: Saturday, October 06 - 2012 at 01:43
Swiss private bank owned by Abu Dhabi's Aabar Investments, Falcon Private Bank has a said it will acquire a London-based unit of boutique Clariden Leu from Credit Suisse, including some SF2bn ($2.13bn) in assets, Reuters has reported. The deal is expected to close in the first quarter of 2013, Falcon said in a statement on Thursday. No financial details of the transaction, which will see 57 staff of Clariden Leu (Europe) including 22 private bankers move to Falcon, were disclosed.
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