GIC-backed Allfunds to merge with Credit Suisse unit InvestLab

GIC-backed Allfunds to merge with Credit Suisse unit InvestLab

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich's Oerlikon suburb, Switzerland July 27, 2017. REUTERS/Arnd Wiegmann

Spain’s Allfunds Group is buying Credit Suisse’s business-to-business investment fund platform InvestLab for an undisclosed sum as the investment services industry consolidates to reap the benefits of scale.

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