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Vontobel has successfully completed the acquisition of IHAG Privatbank's client book, valued at approximately CHF 3 billion, as part of its strategy to expand in the DACH region. The integration of IHAG's clients into Vontobel's Private Clients segment is underway, with the transaction positively impacting the group's results from the outset. Founded in 1949, IHAG has faced operational and reputational challenges in recent years, leading to multiple reorganizations.
Vontobel has successfully completed its acquisition of IHAG Private Bank's client book, valued at approximately CHF 3 billion, enhancing its presence in the DACH region. The integration of IHAG’s clients into Vontobel’s Private Clients division is underway, with the transaction positively impacting the group's results from day one. Founded in 1949, IHAG has faced operational challenges in recent years, leading to multiple reorganizations.
Swiss private banking is undergoing significant transformation as many institutions face challenges from declining margins, regulatory pressures, and reputational damage due to scandals. The trend of family-owned banks relinquishing independence is accelerating, with notable mergers and sales, reflecting a shift in the industry landscape. Factors such as high operating costs, outdated clientele, and a lack of digital innovation are driving this evolution, suggesting that the future of many private banks is uncertain.
Emil Georg Bührle
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
vontobel completes acquisition of ihag privatbank client book worth 3 billion chf
08:44 06.01.2025
vontobel completes acquisition of ihag private bank client book worth chf 3 billion
08:44 06.01.2025
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