Credit Suisse sells its global trust business – Reuters

by | Sep 6, 2022 | Business

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterZURICH, Sept 6 (Reuters) – Credit Suisse Group (CSGN.S) has agreed to sell its global trust business to The Bank of N.T. Butterfield & Son Limited (NTB.N) and Gasser Partner Trust, the parties said in a joint statement on Tuesday that gave no financial details.Under separate agreements, Butterfield will acquire Credit Suisse Trust’s businesses based in Guernsey, Singapore and the Bahamas, while Gasser Partner will acquire CST’s Liechtenstein business, they said. The deals are set to close in the first half of 2023.Register now for FREE unlimited access to Reuters.comRegisterReporting by Michael Shields, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

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