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Hinduja Takes Over Swiss Bank

Hinduja Swiss Holding Ltd has taken over
Banca Commerciale Lugano, an independent Swiss bank that
specialises in high-end banking services and products.
Under the deal, BCL will be merged with HBS to strengthen the
latter's range of wealth management, trade finance, investment,
and corporate finance solutions. HBS presently has five branches
in Switzerland, one in Dubai, and is regulated by both the
Dubai Financial Services Authority and
IndusInd Bank in India.
In a statement, the HBS said that this latest acquisition will
enable it to provide a bridge to clients in southern and eastern
Europe, as well north, central and south America, and link the
trade finance and investment opportunities present in the Middle
East, the Indian subcontinent and South East Asia.
The company began providing access to Indian capital markets
following its recent acquisition of a majority interest in
financial services firm
Paterson Securities Private Ltd. Hinduja Bank (Switzerland)
was established in Geneva in 1978 under the global
Hinduja Group to cater to the needs of high net worth
individuals.