Butterfield will acquire Credit Suisse Trust’s (CST) business in Guernsey, Singapore and the Bahamas while Gasser is set to snap up CST’s Liechtenstein business.
Credit Suisse head of investment solutions and sustainability, Michael Strobaek, says the firm regularly reviews its portfolio in respect of serving the needs of its clients.
“Both Butterfield and Gasser Partner specialise in full-service trust structures and solutions dedicated to clients with bespoke needs,” Strobaek adds.
While the transfer of trust structures in Liechtenstein will occur on a rolling basis, both deals are expected to close in H1 2023.
