The brand of Swiss non-public financial institution Vontobel is observed at an office making in Zurich, Switzerland December 9, 2019. REUTERS/Arnd Wiegmann

ZURICH, Dec 16 (Reuters) – Swiss bank Vontobel explained on Thursday it signed an arrangement to order UBS Swiss Financial Advisers AG (SFA), a Zurich-dependent subsidiary of UBS AG (UBSG.S), to enhance its wealth management company for U.S. clientele.

Vontobel reported in a assertion SFA had 7.2 billion Swiss francs ($7.78 billion) in property beneath administration as of Sept. 30. No more money aspects have been disclosed.

($1 = .9250 Swiss francs)

Reporting by Silke Koltrowitz Enhancing by Michael Shields

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