Rothschild & Co is pleased to announce that Rothschild & Co Bank AG, its Swiss Wealth Management subsidiary, has completed the acquisition of Banque Pâris Bertrand, first announced on 16 December 2020. The completion of the acquisition follows approval from the shareholders of both companies and the consent of the relevant regulators, the Swiss Financial Market Supervisory Authority (FINMA) and Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
The acquisition of this highly regarded private bank supports the growth of Rothschild & Co’s Swiss business and underlines the importance of this market for the Group. With the completion of the acquisition, client assets for the Rothschild & Co’s Wealth Management business in Switzerland will reach over CHF 22 billion (from around CHF 16 billion as at 31 March 2021) and Rothschild & Co’s overall Wealth & Asset Management division Assets under Management will exceed €89 billion.
