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Credit Suisse completes transfer of investment fund platform to Allfunds Group

Credit Suisse Group AG has completed the transfer of its third-party investment fund platform to Allfunds Group.

The Swiss bank said the sale of the platform includes the move of Credit Suisse InvestLab AG, related employees and service agreements, with the transfer of related distribution agreements due to be completed in the first quarter of 2020.

Credit Suisse International served as financial adviser to Credit Suisse on the transaction.