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Indosuez Wealth Management to buy CIC’s private banking business in HK and SG

Indosuez Wealth Management has agreed to purchase Crédit Industriel et Commercial’s (CIC) private banking business in Hong Kong and Singapore, Asian Private Banker can reveal. Sources close to CIC indicate that the deal is for the French private bank’s assets in the region, although the exact nature of the transaction has yet to be confirmed. Internal announcements are currently underway within CIC…

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