Spanish bank sets up UHNW wealth operation
It will serve customers with assets over €50m
It will serve customers with assets over €50m
Sale will deliver gross proceeds of €177m
Barclays PB, Julius Baer and J Safra Sarasin have all recently bolstered their operations in the country
Deal ‘provides the momentum for executing new growth strategies’
In most cases, fines were ‘more than 100% of the value of the assets in question’
It is understood the French giant will retain 20% stake in the business
Advice firm says it is not surprised country ‘has taken this route’ to attract ‘digital nomads’
As part of the company’s strategy to develop its activities in its core European markets
As the company looks to ‘further strengthen’ its presence in western Europe
After it set up teams in Italy, France and Singapore in the past year
Britain is one of the ‘most secure jurisdictions in which to hold assets’
It remains ‘committed’ to its ‘main European markets’