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UBS sells Austria wealth operation to private bank

Deal will add around €4bn in assets under management
LGT has reached an agreement with UBS Europe SE to acquire its wealth management business in Austria.
The business has around €4bn (£3.6bn, $4.9bn) in assets under management.
The client relationships of UBS Europe SE in Austria, which consist of mainly high net worth and ultra-high net worth individuals residing in the country, will be assumed by LGT as part of the asset deal.
As part of the agreement, LGT intends to assume the around 60 employees of UBS Wealth Management in Austria and to integrate them into its locations in Vienna and Salzburg. ....

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LGT acquires wealth management business of UBS Europe SE in

LGT acquires wealth management business of UBS Europe SE in
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