Sullivan & Cromwell and two other leading global firms have picked up roles this week on deals involving a pair of wealth management divisions.
In one of those transactions, Morgan Stanley announced Wednesday that it has agreed to sell its European private bank to Credit Suisse Group for an undisclosed sum. The unit, which has $13 billion in assets under management, includes all of Morgan Stanley’s wealth management businesses in Africa, the Middle East, and Europe, excluding Switzerland.
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