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Santander to Buy Indosuez Wealth Management Business in Miami

   By Pietro Lombardi 
 

Banco Santander SA said Tuesday that its private-banking unit will buy $4.3 billion in client assets and liabilities, as well as related staff, from Indosuez Wealth Management, Credit Agricole SA's global wealth management unit.

The deal, expected to close by the first half of the year, is for Indosuez Wealth Management business in Miami.

No financial details were disclosed.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

March 16, 2021 08:30 ET (12:30 GMT)

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