Investcorp purchases stake in Banque Paris Bertrand Sturdza.
BANKING AND CREDIT NEWS-September 6, 2018--Investcorp purchases stake in Banque Paris Bertrand Sturdza
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Global Banking News - 06 September 2018
Investcorp, a provider and manager of alternative investment products, has said that it has made a strategic minority investment in Banque Paris Bertrand Sturdza, a private bank (Banque Paris).
Banque Paris is an independent firm that is based in Geneva and Luxembourg. It has reported that its assets under management (AUM) have grown at an average yearly growth rate of 35 per cent to CHF5.3bn as of June 2018.
The acquisition would see the bank being renamed as Banque Paris Bertrand SA (PB).
Mohammed Alardhi, executive chair of Investcorp, said, 'We are delighted to be working with Banque Paris Bertrand and its associates, who represent excellence in the field of private banking through their high-quality service offering and their high-performance investment solutions. Banque Paris Bertrand Sturdza's evolution since 2009 is remarkable - most noticeably for its alignment with its clients' interests.'
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Sep 6, 2018|
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