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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