LGT wins bid to buy ABN Amro Asia wealth management business

ABN Amro has selected LGT Bank as the buyer of its Asian wealth management business, an internal source has told AsianInvestor. The Dutch bank will be making an announcement about the sale to LGT in a town hall meeting this afternoon, the source added. The M&A advisory firm on the deal is Lazard. No details were provided in terms of sale price and the reasons for choosing LGT over Swiss firm Julius Baer and Singapore's DBS. The three banks were reported to be vying for ABN A…