To create a ‘single CIO centre-of excellence’
It will broaden the bank’s footprint in Portugal and Brazil
Deal will enable firm to ‘focus fully’ on its core business
It will have around €250bn in assets under management and combined revenue of approximately €3bn
It is in ‘advanced negotiations’ to sell and transfer its client portfolios, front-office and subsidiaries
Swiss private banks are failing to address rapidly declining profitability and are too focused on defensive measures to implement a radical transformation that will allow them to generate competitive advantage and sustainable growth, says KPMG.
Family offices and HNWIs are increasingly investing in private equity, according to Preqin.
Frank Reisbøl, MD of Banque Carnegie Luxembourg, is always looking for high-conviction, often smaller, managers for his multi-jurisdictional clients. But not those who chase every last basis point, since that could risk his main objective – value preservation.