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LGT buys ABN AMRO Private Banking in Asia, Middle East

LGT will acquire ABN AMRO’s private banking business in Asia and the Middle East, putting to rest months of speculation. The deal, announced today, will see LGT’s assets under management in Asia increase to over US$40 billion in Asia and around US$140 billion globally. In the Middle East, LGT expects its AUM to “more than double”. ABN AMRO has around…

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