Banque Heritage takes majority stake in Meridian Wealth Management

January 25, 2016 10:05 AM

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ZURICH Jan 25 Switzerland's Banque Heritage said on Monday it had taken a majority stake in Lausanne, Switzerland-based asset manager Meridian Wealth Management.

"Meridian currently has a staff of three investment professionals but has ambitions to become a platform for other independent asset managers who find the current regulatory environment untenable for their scale of business," Banque Heritage said in a statement.

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