October 19, 2018 / 5:13 AM / a month ago

BRIEF-Vontobel Buys U.S. Private Clients Portfolio From Lombard Odier

Oct 19 (Reuters) - Vontobel Holding AG:

* VONTOBEL AND LOMBARD ODIER ANNOUNCE STRATEGIC WEALTH MANAGEMENT PARTNERSHIP FOR NORTH AMERICA

* ACQUIRES INTERNATIONAL US-BASED PRIVATE CLIENTS PORTFOLIO FROM LOMBARD ODIER

* PARTIES HAVE AGREED NOT TO DISCLOSE THE TRANSACTION PRICE

* WILL FINANCE THE TRANSACTION ENTIRELY FROM ITS OWN FUNDS

* ONCE THE ACQUISITION IS COMPLETED, VONTOBEL WILL CONTINUE TO HAVE A STRONG EQUITY BASE THAT BY FAR EXCEEDS REGULATORY REQUIREMENTS Source text: here Further company coverage:

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