Vontobel to buy Notenstein's Eastern Europe portfolio
August 22, 2017
Asset Management | St. Gallen, Switzerland | Corporate Acquisition
Vontobel has agreed to acquire the Eastern European asset management portfolio of private bank Notenstein La Roche. The deal will add around CHF 2 billion (€1.76 billion) to Vontobel's current CHF 208 billion of assets under management. The sale is a part of Notenstein's strategy to focus operations on its domestic market.