UBS bolsters structured products capabilities with acquisition of Luxembourg Financial Group

Johan Groothaert, CEO of Luxembourg Financial Group

UBS has strengthened its structured products business in Europe with the €25 million acquisition of Luxembourg Financial Group, a London-based structured products boutique. The purchase, which is scheduled to close in the second quarter of 2011, brings with it Johan Groothaert, chief executive of Luxembourg Financial Group and formerly head of structured products at Deutsche Bank in London.

The boutique will be become part of UBS' global equities division and reunite Groothaert with Yassine Bouh

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