HONG KONG (Reuters) – Swiss private bank Union Bancaire Privee (UBP) has acquired Tokyo-based investment advisor Angel Japan Asset Management Ltd, a statement by the bank said on Thursday.
UBP, which has around 140.4 billion Swiss francs ($157.95 billion) under management, has had a presence in Tokyo since 2005. Angel Japan AM currently manages assets under advisory of $1.2 billion, according to the statement.
No financial details of the deal were disclosed.
($1 = 0.8889 Swiss francs)
(Reporting by Xie Yu; Editing by Jan Harvey)
