HK's Mason Group to buy European private banking firm for $60 mln

Mason group

19/10/2017 01:58

HONG KONG, Oct 19 (Reuters) - Financial services group Mason 
Group Holdings Ltd  0273.HK  said on Thursday it would buy a 
Liechtenstein-incorporated private banking services provider for 
58.6 million Swiss Franc ($59.73 million), as it expands into 
the European private banking market. 
    The Hong Kong-listed wealth solutions services provider said 
it would buy Raiffeisen Privatbank Liechtenstein AG from 
Austria-incorporated Walser Privatbank Aktiengesellschaft 
 RBKLN.UL  and Raiffeisenbank Kleinwalsertal 
BeteiligungsmanagementGmbH.  
    Raiffeisen Privatbank, with clients from Germany, Austria, 
Spain, Liechtenstein, Russia and Switzerland, offers services 
for external asset managers, with assets under management of 
over 1 billion Swiss Franc as of Sept 30, 2017. 
    Mason said it would offer a wide range of Asian financial 
products to European clients, including Asian fixed income 
securities, mortgage-backed securities, asset-backed securities 
and asset management products. 
 
($1 = 0.9810 Swiss francs) 
 
 (Reporting by Donny Kwok; Editing by Subhranshu Sahu) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: RAIFFEISEN PRIVATBANK LIECHTENSTEIN M&A/MASON GROU