Things are hotting up and moving quickly in Swiss Private banking.
Only last week Geneva based Union Bancaire Privee and Discount Bank & Trust announced their intention to merge.
Holland's Rabobank have now announced that they have acquired a 28% stake in Swiss private bank Sarasin. The tie up will bring together Rabo's private banking units in Guernsey, Hong Kong, Singapore and Luxembourg with Sarasin's strong franchise in Switzerland.
More consolidation in the sector is expected.
Rabo Takes Stake In Sarasin
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