On August 20, 2019, KBL European Private Bankers announced an agreement to acquire Bank am Bellevue.
Continue reading “KBL to Acquire Bank am Bellevue”
Under the terms of the transaction, KBL European Private Bankers (“KBL”) plans to expand Bank am Bellevue’s (“Bellevue”) staff, focusing on the recruitment of relationship managers. Dagmar Kamber Borens will be joining KBL as the CEO of its Swiss business upon the closing of the deal, which is expected to close during the first quarter of next year, subject to regulatory approval. Further terms of the deal were not disclosed.
KBL, founded in 1949, is a private banking group headquartered in Luxembourg that provides a variety of financial services including investment services.
Bank am Bellevue, based in Zurich, is the wealth management business of the Bellevue Group with €1.6 billion in assets under management.
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