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InsingerGilissen to buy Lombard Odier's Dutch private banking ops
November 9, 2017 / 9:29 AM / a month ago

InsingerGilissen to buy Lombard Odier's Dutch private banking ops

AMSTERDAM (Reuters) - Dutch bank InsingerGilissen said on Thursday it would buy Lombard Odier’s Dutch private banking operations, with around 1 billion euros ($1.2 billion) of assets under management, for an undisclosed sum.

Lombard’s 12 employees will join Insinger, a subsidiary of KBL European Private Bankers, in Amsterdam. The deal is expected to close in mid-2018 after regulatory approval, Insinger said in a statement.

($1 = 0.8625 euros)

Reporting by Toby Sterling; Editing by Susan Fenton

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