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(AFX UK Focus)
2009-11-26 10:48
Credit Suisse triples stake in wealth firm-sources |
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By Chris Vellacott
LONDON, Nov 26 (Reuters) - Credit Suisse has more than tripled its stake in a Swiss wealth management firm, buying shares from a Qatari consortium that includes the state's ruling family, sources familiar with the deal said.
Helvetica's other founding partners are chief executive Oliver Hare, a former managing director in the equities division of UBS, and chief operating officer Hermann Schwalm, a former chief executive of Morgan Stanley's Swiss arm, according to information on Helvetica's company website.
(Reporting by Chris Vellacott; Editing by David Cowell) (For the Hedge Hub blog: http://blogs.reuters.com/hedgehub) (For Global Investing: http://blogs.reuters.com/globalinvesting) ((chris.vellacott@thomsonreuters.com; +44 (0) 20 7542 3987; Reuters Messaging chris.vellacott.thomsonreuters.com@reuters.net) s Keywords: CREDIT SUISSE/HELVETICA COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. |
| Financings and investments |
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