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As part of the agreement, Santander Private Banking plans to purchase $4.3 billion in client assets and liabilities with related staff from Indosuez Wealth Management.
The transaction is projected to close by the end of the first half of 2021.
Santander Private Banking today announced that it has reached an agreement with Indosuez Wealth Management ( Indosuez ) – the global wealth management brand of Crédit Agricole group – to purchase $4.3 billion in client assets and liabilities. The transaction is subject to regulatory approval and satisfaction of customary closing conditions, and is expected to close by midyear 2021.
Santander Wealth Management & Insurance Global Head Víctor Matarranz said,
Santander : Private Banking to Acquire Indosuez Wealth Management Business in Miami
03/16/2021 | 07:02am EDT
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As part of the agreement, Santander Private Banking plans to purchase $4.3 billion in client assets and liabilities with related staff from Indosuez Wealth Management.
The transaction is projected to close by the end of the first half of 2021.
Santander Private Banking today announced that it has reached an agreement with Indosuez Wealth Management (“Indosuez”) – the global wealth management brand of Crédit Agricole group – to purchase $4.3 billion in client assets and liabilities. The transaction is subject to regulatory approval and satisfaction of customary closing conditions, and is expected to close by midyear 2021.
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BOSTON (BUSINESS WIRE) Feb 19, 2021
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