Vontobel Buys Majority Stake in TwentyFour Asset Management
Posted on 03/25/2015
Swiss private bank Vontobel agreed to acquire a majority 60% stake in London-based TwentyFour Asset Management. Partners and key employees of TwentyFour Asset Management will retain 40% control. Zurich-based Vontobel could purchase the other 40% over a period of time. Vontobel, through its unit Vontobel Asset Management, is keen on expanding its European presence. The […]
