Luxembourg-based private bank Banque Havilland has wrapped up the acquisition of the share capital of Swiss private bank Banque Pasche.
Banque Havilland said that the deal, approved by supervisory authorities, aligns with its strategy to expand its ultra-high net work (UHNW) client base in Europe.
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Banque Pasche specialises in asset management for a select clientele. The bank is based in Geneva and also has a branch in Zurich. It has now been rebranded as Banque Havilland (Suisse).
Banque Havilland CEO Jean-François Willems said: "With this acquisition, the Banque Havilland Group marks its entry into Switzerland, the home of private banking. Banque Havilland (Suisse) S.A. is headquartered in Geneva, with a branch in Zurich, has a total of approximately 40 employees and will enable a comprehensive provision of services to our varied international client profiles.
"Our commitment to establish a presence here reflects our global strategy to provide a platform offering full coverage of private banking products in the significant banking centres across the world."
The latest deal comes shortly after the Luxembourgese bank’s purchase of Banco Populare Luxembourg.
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