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Coutts Asian takeover completed by early 2016

It will be at least another nine months before UBP takes over the Asian arm of Coutts International, according to an internal memo by Coutts. The memo outlines the timeline for the purchase of Coutts’ internationally managed private banking and wealth management business by UBP, which includes Switzerland, Monaco, UAE, Qatar, Singapore and Hong Kong. The memo said that the Geneva-headquartered pure-play has earmarked…

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