"The Swiss arm of Peregrine Securities International wasacquired for an undisclosed amount through its management," Managing Director Walter Bollier and partner Matthias Jenzer said in a statement.

They said Asset Management Consulting AG would providetailor-made Financial services to independent asset managers, pension funds, insurance companies and wealthy private individuals.

"The deal is agreed subject to finalising the paperwork,"said Peregrine liquidator and PriceWaterhouseCoopers partner David Hague. He declined to disclose how much the deal was worth.

Peregrine Investments Holdings Ltd collapsed lastyear, hit by its exposure to Asia's battered Financial markets.