Private banking group exits Austria wealth management market
It will now refer its clients to a rival company
It will now refer its clients to a rival company
Deal will add around €4bn in assets under management
DeVere Group is to open its first office in Austria as part of its “ambitious expansion” across western Europe, which saw the company re-open its office in Madrid three years after shutting it down.
When Austria assumes the presidency of the European Council in the second half of 2018, it will prioritise pushing forward European and international measures to prevent profit shifting and international tax fraud, the country’s finance minister said.