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 Zurich, 27 June 2013 - The owner of Hyposwiss Private Bank Ltd.

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Zurich, 27 June 2013 - The owner of Hyposwiss Private Bank Ltd.  Empty
PostSubject: Zurich, 27 June 2013 - The owner of Hyposwiss Private Bank Ltd.    Zurich, 27 June 2013 - The owner of Hyposwiss Private Bank Ltd.  I_icon_minitimeFri Feb 08, 2019 5:43 pm

Zurich, 27 June 2013 - The owner of Hyposwiss Private Bank Ltd., Zurich (Hyposwiss Zurich), and Hyposwiss Private Bank Genève SA (Hyposwiss Geneva), St.Galler Kantonalbank AG, will focus in the future on its home market Eastern Switzerland, as well as the remainder of German-speaking Switzerland and Germany. The SGKB Group will divest operations with clients of Hyposwiss Zurich from Latin America and Spain, and transfer these to the Swiss Private Bank Banque Privée Espirito Santo (BPES) in Zurich. The SGKB Group will also divest operations with clients from Eastern Europe and transfer these to Falcon Private Bank Ltd. in Zurich. Finally, SGKB will sell its subsidiary Hyposwiss Geneva to Mirelis InvestTrust SA, based in Geneva, member of the Mirelis Financial Group founded in 1949. The acquired bank will continue to operate its business under the name Hyposwiss Private Bank Genève SA. § Banque Privée Espirito Santo has been present in the Geneva region since 1977, and belongs to a family enterprise in Portugal established in 1869. The Espirito Santo Group is well represented and has longstanding experience in Latin America and on the Iberian Peninsula, and can provide their clients with a broad range of services and expertise. www.espiritosanto.com § Falcon Private Bank Ltd. is a leading Swiss private bank with a growing presence in Switzerland, the Middle East and Asia focusing on emerging markets and longstanding expertise in Eastern Europe. Its global clients enjoy the benefits of an experienced Swiss private bank coupled with the unique financial strength and government-backed stability of its owner, aabar Investments PJS in Abu Dhabi. www.falconpb.com § Mirelis InvesTrust SA is a Geneva based privately owned Swiss independent asset management company, member of the Mirelis financial group founded in 1949. Mirelis offers Private Wealth Management services in both – traditional and alternative investments – as well as securities and foreign exchange trading. www.mirelis.ch The remaining business segments of Hyposwiss Zurich will be integrated into St.Galler Kantonalbank and repositioned as a private banking branch within the SGKB group in the present location in Zurich. For private banking clients in Zurich, nothing changes. As customers of SGKB they continue benefiting from tailored and personal services with the same customer relationship manager. Together with the new owners, Hyposwiss Zurich will strive to ensure a swift and smooth transition. All clients of Hyposwiss Private Bank will receive detailed information within the next few days. More information can be found in the press release from SGKB of 27 June 2013. 
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