Rothschild & Co to acquire Swiss bank & its AM units citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Deal will see overall AuM in its wealth and asset management division exceed €75bn
The wealth management subsidiary of Rothschild & Co Bank has agreed to acquire Banque Pâris Bertrand.
Banque Pâris Bertrand is a private bank with headquarters in Switzerland and offices in Geneva and Luxembourg, and its client base consists of wealthy families, family offices and institutional investors, primarily from Switzerland, as well as other markets in Europe.
The private bank, in addition to its wealth management business, operates three asset management businesses: the LongRun Global Equity Fund, Pâris Bertrand Systematic Asset Management and Hermance Capital Partners Private Equity investment solutions.
Rothschild & Co announces the acquisition of Banque Pâris Bertrand
Rothschild & Co announces that Rothschild & Co Bank AG, its Wealth Management subsidiary, has entered into an agreement to acquire Banque Pâris Bertrand. This transaction marks another milestone in the sustained growth of Rothschild & Co s Wealth Management business and will consolidate its strong position in the important Swiss market. The transaction is expected to complete in the first half of 2021, subject to regulatory approvals and other customary conditions.
Banque Pâris Bertrand is a renowned private bank with headquarters in Switzerland and offices in Geneva and Luxembourg. Banque Pâris Bertrand s client base consists of wealthy families, family offices and institutional investors, primarily from Switzerland, as well as other markets in Europe.