Swiss bank to launch investment joint venture in Spain

Banque Cantonale Vaudoise group (BCV), the fourth largest bank in Switzerland, is planning a joint venture in Spain to offer asset management services to pension funds.

The Lausanne-based bank, along with Assesores y Gestores Financieros, a Spanish fund manager, plan to team up with a third Spanish asset manager before the end of the year to set up the new venture.

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