Royal Bank of Canada has completed the previously announced sale of Royal Bank of Canada (Suisse) SA, its Switzerland-based private banking business, to SYZ Group, the bank announced on Monday
The sale was completed on Aug. 28.
Financial terms were not disclosed.
Based in Geneva, SYZ is a family-owned private bank and asset management firm with 19 offices globally.
The acquisition also marks the launch of Canaccord’s Ottawa office
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