The signing of a strategic agreement in view of a merger of Banque Pâris Bertrand SA with Rothschild & Co Bank AG in Switzerland.
We are pleased to announce the signing of a strategic agreement in view of a merger of Banque Pâris Bertrand SA ("Pâris Bertrand") with Rothschild & Co Bank AG in Switzerland ("Rothschild & Co Bank") a Zürich-based institution belonging to the French-British branch of the Rothschild family (David, Alexandre et Eric de Rothschild). Such agreement is subject to the approval of the competent regulatory authorities.
The rapprochement of our activities with those of Rothschild & Co Bank will provide the combined entity with a unique opportunity to broaden its investment offering in the public and private markets, to strengthen its positioning with Swiss and international high net worth clients, and to significantly increase its innovation capacity.
By combining their activities, Rothschild & Co Bank and Pâris Bertrand will together manage from Switzerland more than CHF 20 billion, positioning the entity resulting from this strategic agreement among the major players in Swiss private banking.