Deal is part of its strategy to move ‘into different markets with long-term growth potential’

Robbie is a reporter for International Adviser, covering global news stories about the financial services industry. He joined Last Word Media in October 2018 after nearly two years working at a group of private banking publications, firstly as a reporter then as assistant editor. Robbie can be contacted via email at robbie.lawther@lastwordmedia.com and on Twitter @RLawther94
Deal is part of its strategy to move ‘into different markets with long-term growth potential’
A decision that has raised a few eyebrows and caused much amusement
Deal will enable firm to ‘focus fully’ on its core business
Including its 75% shareholding in wealth manager L’Union Financière de France
Following a heart attack at his home on 15 January
It will have around €250bn in assets under management and combined revenue of approximately €3bn
It is in ‘advanced negotiations’ to sell and transfer its client portfolios, front-office and subsidiaries
It will also unveil its first branch in Denmark by the end of the year
Former UBS wealth management president had been battling a long-term health issue
Long/short fund will target 5-8% with limited downside
Part of the Bonhill Group.