Credit Suisse sells its global trust business

Zurich, Sept. 6 (BNA) Credit Suisse Group has agreed to sell its global credit business to NTB Butterfield & Son Limited and Jasser Partner Trust, the two parties said in a joint statement on Tuesday that did not provide financial details. mentioned.

Under separate agreements, Butterfield will acquire the Credit Suisse Trust businesses based in Guernsey, Singapore and the Bahamas, while Gasser Partner will acquire the CST business in Liechtenstein. Deals are scheduled to close in the first half of 2023.

MI

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