ABN Amro has confirmed it is selling its shrinking London-based private banking business to SG Hambros, aiming to complete on the deal by early November.

The deal, first reported by online service Wealth Briefing, follows the defection of a series of wealth advisers from ABN Amro, which currently manages assets worth £1bn.

Mike Foster

Société Générale

Royal Bank of Scotland

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ABN Amro exits UK wealth business

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