Complex sentence: Citigroup agreed to acquire Quilter from Morgan Stanley on 13 December 2006 (subject to requisite regulatory approvals in Q1 2007), to be incorporated into Citigroup's Global Wealth Management division.
Split into simpler sentences: Citigroup agreed to acquire Quilter from Morgan Stanley on 13 December 2006 (subject to requisite regulatory approvals, expected in Q1 2007). Citigroup expect Quilter to be incorporated into it's Global Wealth Management division.