Rothschild & Co announced this morning it is acquiring Swiss private bank Banque Pâris Bertrand, a deal it says marks a milestone in the growth of its wealth management business.
The acquisition will mean client assets for the Rothschild & Co wealth management business in Switzerland will reach over CHF 20 billion (from around CHF 14 billion as of 30 September 2020) and Rothschild & Co’s overall wealth & asset management division assets under management will exceed €75 billion.
The 2009-founded Banque Pâris Bertrand is a private bank with headquarters in Switzerland and offices in Geneva and Luxemb...