ABN Amro sells Asian private banking business to LGT

ABN Amro sells Asian private banking business to LGT

The head office of ABN AMRO bank is seen in Amsterdam, the Netherlands May 29, 2007. REUTERS/Koen van Weel/File Photo

ABN Amro said on Tuesday it had agreed to sell its private banking operations in Asia and the Middle East, with $20 billion (18.5 billion euros) in assets under management, to LGT, a business run by the Princely Family of Liechtenstein.

Terms of the deal were not disclosed.

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