Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Vontobel to Acquire UBS's Swiss Financial Advisers Business.

Document Cited in Related
Vincent

MANews-(C)2009-2021

US-based investment firm Vontobel (SWX: VONN) has agreed to purchase Switzerland-based UBS Swiss Financial Advisers AG, to meet client demand for regionally diversified investment strategies with a global approach, the company said.

The transaction, which is subject to regulatory approvals, will be fully funded with cash from Vontobel's balance sheet, covered by its CET1 and Tier 1 capital ratios.

Additional financial details of the transaction were not disclosed.

With this acquisition, Vontobel will further strengthen its platform providing clients with a global investment approach and geographic diversification.

Vontobel, through Vontobel Swiss Wealth Advisors, is a Swiss-domiciled provider of wealth management investment solutions for US and qualified Canadian investors.

Vontobel will combine SFA and VSWA, its existing business serving North American Wealth Management clients. Preparations for this will start after the closing of the transaction, which is expected for 3Q22.

UBS Swiss Financial Advisers AG, based in Zurich, is a subsidiary of UBS AG (NYSE: UBS), is an SEC-registered investment advisor and FINMA-licensed...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT