Banque Bonhôte & Cie, a 205-year-old Swiss private bank, has announced it has bought competitor Private Client Partners (PCP Bank).
PCP Bank was previously owned by the Hamburg headquartered MM Warburg, and it specialises in family office services, ultra-high net worth individuals, and providing administration, asset consolidation and wealth management services to its Swiss and international clients.
PCP was founded in 1998 by Andreas Bodenmann and manages CHF 1.9 billion on behalf of its clients. Mr Bodenmann continues to play an active role with clients. Beat Widmer, presently an independent consultant who...