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Hinduja Group buys Swiss private bank

The Hinduja Group, which owns the Hinduja Bank Switzerland and IndusInd Bank in India, has acquired KBC group’s Europe onshore private banking subsidiary KBL epb for €1.35bn (US$1.69bn). Hinduja said in a statement that the acquisition will give KBL epb greater access to the fast-growing Middle East, Indian and Asian markets. KBL epb now has €47bn assets under management, €37bn…

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