Lloyds to sell GBP 7.2bn international wealth arm to Swiss bank Union Bancaire Privée (UBP)

On May 29, 2013   /   Fishtank, M&A, UBP  

Lloyds Banking Group is to sell its international private banking business to Swiss bank Union Bancaire Privée (UBP) as part of its strategy to focus on the domestic wealth market. The transaction will includes the bank’s Geneva-based Private Bank, its branches based in Geneva, Zurich, Monaco and Gibraltar, and its representative office

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