CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

ZKB buys Swisscanto

Published: 11 Dec 2014 - 11:07 pm | Last Updated: 18 Jan 2022 - 10:52 pm

An office building of Swiss bank Zuercher Kantonalbank (ZKB) in Zurich as it has agreed a deal to buy asset manager Swisscanto from the other Swiss cantonal banks, ZKB said in a statement yesterday. ZKB will initially pay $372.6m for Swisscanto, which is fully owned by the 24 cantonal banks.