Credit Suisse sells its global trust business

Bank of NT Butterfield & Son

06/09/2022 07:00

ZURICH, 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 https://www.credit-suisse.com/media/assets/corporate/docs/about-us/media/media-release/2022/09/joint-media-release-cst-20220906-en.pdf
 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.
    
    

 (Reporting by Michael Shields, Editing by Louise Heavens)
 ((Michael.Shields@thomsonreuters.com; +41 41 528 3630; Reuters
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