UBS looks set to acquire one of the oldest names in the city, the private client brokerage Laing & Cruickshank. The takeover would continue UBS's growth in the onshore European wealth management market, which it has been targeting since 2001, and would make Laing & Cruickshank's 35 partners very wealthy. However it would likely be the end of one of London's historic city brands. Reports suggest that UBS is in the early stages of negotiating the acquisition of Laing & Cruickshank, currently owned by Credit Lyonnais