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Announced

Santander Private Banking to acquire Indosuez Wealth Management business in Miami.

Synopsis

Santander Private Banking, a global financial group, agreed to acquire Miami business of Indosuez Wealth Management, a global wealth management brand of Credit Agricole group. financial terms were not disclosed. “This transaction, which leverages our geographic presence and our capabilities as a leading financial group, is another step toward our goal of becoming the best global private banking platform. We want to keep growing our business – especially in geographies where we see major commercial potential like the US – and elevate our position as a growth engine for Grupo Santander," Víctor Matarranz, Santander Wealth Management & Insurance Global Head.

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