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Credit Suisse triples stake in wealth firm.

Global Banking News-26 November 2009-Credit Suisse triples stake in wealth firm(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 26 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Switzerland-based Credit Suisse (NYSE: CS) has tripled its stake in a Swiss wealth management firm, Helvetica Wealth Management Partners.

The bank has more than tripled its stake in Helvetica Wealth Management Partners after buying shares from a Qatari consortium that includes the state's ruling family. The bank now has a 35 per cent stake compared to the previous 10 per cent.

Financial details of the deal were not made available.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Nov 26, 2009
Words:126
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