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Swiss Private Bank Buys Clariden Leu (Europe)

Tom Burroughes, Group Editor, London, 4 October 2012

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Swiss wealth management boutique Falcon Private Bank has agreed to acquire Clariden Leu (Europe), the wholly owned subsidiary of Credit Suisse Group that is based in London.

Swiss wealth management boutique Falcon Private Bank has
agreed to acquire Clariden Leu (Europe), the wholly owned subsidiary of Credit
Suisse Group that is based in London.
The deal, the cost of which was not disclosed, is the latest in a run of wealth
management merger and acquisition deals in recent weeks.

Clariden Leu (Europe) offers wealth and asset management
services to private clients in the key markets Eastern Europe, Middle East and Africa and other emerging markets.

Subject to legal and regulatory approvals, the closing is
expected in the first quarter of 2013, Falcon Private Bank said in a statement today.

Falcon Private Bank is owned by Aabar Investments PJS, a
company that is 95 per cent owned by the government of Abu Dhabi.

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