Swiss bank Raiffeisen is looking to make acquisitions in private banking and asset management, its CEO Pierin Vincenz told Swiss publication Finanz und Wirtschaft.
"We are looking at everything that comes onto the market," the newspaper quoted him as saying.
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The Swiss lender is potentially targeting firms handling assets of CHF20 billion to CHF30 billion.
Due to uncertainty surrounding tax issues it was easier to grow in the asset management sector than private banking at the moment, he opined.
"Additional assets under management of 20 billion to 30 billion Swiss francs are easily conceivable," Vincenz was quoted as saying.
Responding to question whether his firm would consider acquiring the international arm of private bank Coutts, owned by RBS, Vincenz said the dossier was very complex and "not for us".
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By GlobalDataThe Swiss National Bank recently added Raiffeisen to a list of too-big-to-fail banks that come under closer supervision.
The rules will not affect the lender’s strategy for growth and business diversification, Vincenz said.
