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UBS and Sauerborn finalise wealth management merger

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Switzerland’s UBS is to merge its wealth management activities in Germany with Sauerborn Trust, in a move likely to create Germany’s largest advisery firm for ultra-high-net-worth individuals.Sauerborn is based in Bad Homburg and caters for investors with SFr30 million (520 million) in assets. The closing of the transaction is subject to approval by the competition authorities in Germany and UBS says the value of the transaction will not be disclosed.Sauerborn currently has a client base con