ANL 11.03 Decreased By ▼ -0.09 (-0.81%)
ASC 10.06 Increased By ▲ 0.08 (0.8%)
ASL 12.05 Increased By ▲ 0.20 (1.69%)
AVN 71.05 Decreased By ▼ -0.19 (-0.27%)
BOP 6.00 Increased By ▲ 0.05 (0.84%)
CNERGY 5.26 Decreased By ▼ -0.01 (-0.19%)
FFL 7.12 Increased By ▲ 0.42 (6.27%)
FNEL 6.15 Increased By ▲ 0.05 (0.82%)
GGGL 11.75 Decreased By ▼ -0.11 (-0.93%)
GGL 15.85 Decreased By ▼ -0.07 (-0.44%)
GTECH 9.28 Decreased By ▼ -0.07 (-0.75%)
HUMNL 6.55 Decreased By ▼ -0.01 (-0.15%)
KEL 2.56 Decreased By ▼ -0.02 (-0.78%)
KOSM 3.07 Increased By ▲ 0.01 (0.33%)
MLCF 28.65 Decreased By ▼ -0.05 (-0.17%)
PACE 2.98 Decreased By ▼ -0.01 (-0.33%)
PIBTL 6.04 Decreased By ▼ -0.05 (-0.82%)
PRL 15.65 Increased By ▲ 0.60 (3.99%)
PTC 7.29 Increased By ▲ 0.12 (1.67%)
SILK 1.31 Increased By ▲ 0.07 (5.65%)
SNGP 26.55 Increased By ▲ 0.40 (1.53%)
TELE 10.84 Decreased By ▼ -0.11 (-1%)
TPL 9.07 Increased By ▲ 0.02 (0.22%)
TPLP 15.86 Decreased By ▼ -0.06 (-0.38%)
TREET 29.93 Increased By ▲ 0.03 (0.1%)
TRG 75.83 Decreased By ▼ -1.17 (-1.52%)
UNITY 22.42 Decreased By ▼ -0.03 (-0.13%)
WAVES 13.50 Increased By ▲ 0.55 (4.25%)
WTL 1.62 Increased By ▲ 0.07 (4.52%)
YOUW 5.07 Increased By ▲ 0.03 (0.6%)
BR100 4,283 Increased By 10.3 (0.24%)
BR30 14,922 Increased By 24.6 (0.17%)
KSE100 43,091 Increased By 107.7 (0.25%)
KSE30 16,365 Increased By 15.1 (0.09%)
Business & Finance

UBS to sell Austrian wealth business to LGT

  • Terms of the sale of the business, with just under 5 billion euros ($6.09 billion) in managed assets and some 50-60 employees, were not disclosed.
16 Dec, 2020

ZURICH: UBS is selling its domestic Austrian wealth management business to Liechenstein-based private bank LGT, the Swiss banking giant said on Wednesday.

Terms of the sale of the business, with just under 5 billion euros ($6.09 billion) in managed assets and some 50-60 employees, were not disclosed.

UBS, the world's biggest in wealth management, plans to redeploy the proceeds of the sale into growing markets in Europe or elsewhere in its wealth management business, European head Christl Novakovic said in a statement.

Comments

Comments are closed.