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Banque Cramer & Cie acquires AM&C Finance

Norinvest Holding SA unit Banque Cramer & Cie SA has acquired AM&C Finance SA, an asset manager based in Lugano, Switzerland.

AM&C's five employees will join Banque Cramer & Cie's office in Lugano as part of the deal, Norinvest and BCC said Jan. 15.

The parties agreed to not disclose the financial terms of the transaction, whose effects will deploy retroactively as of Dec. 31, 2018.