(Refiles under new USN)
ZURICH, Dec 7 (Reuters) - Swiss private bank Vontobel is selling its Liechtenstein operation to wealth manager Kaiser Partner Privatbank, shifting a client portfolio with 1.4 billion Swiss francs ($1.41 billion) in assets under management.
The transaction is expected to close in the first quarter of 2018, subject to regulatory approval, the Zurich-based bank said on Thursday.
Both sides agreed not to disclose the terms of the deal that follows Vontobel’s decision to focus on its German and Swiss wealth management businesses. ($1 = 0.9912 Swiss francs) (Reporting by John Revill, editing by John Miller)