Swiss bank Vontobel unloads equity brokerage business
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ZURICH (Reuters) - Swiss private bank Vontobel on Monday said it was handing over its equity brokerage business to Zuercher Kantonalbank (ZKB) and said its results for the first 11 months of 2019 were better than a year ago.The transaction with ZKB is due to be completed in the fourth quarter of 2020. Vontobel did not give financial details of the transaction, which impacts about six people at Bank Vontobel Europe AG in London.Vontobel also announced several leadership changes with Roger Studer..