Asset Management

Swiss bank Vontobel makes its first US acquisition

Vontobel, the Swiss private bank, has agreed to buy the North American wealth management portfolio of Swiss asset manager Lombard Odier.

The deal includes approximately 700m Swiss francs ($703m) of private wealth management clients based in the US and 600m Swiss francs of private client assets through a Montreal-based, SEC-regulated subsidiary.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It