Swisspath Group and Veco Group announce plans to merge
2 DEC, 2024
By Jose Luis Palmer from RankiaPro Europe
Swisspath Group and VECO Group, two leading independent Swiss multi-family offices, have announced plans to merge their businesses. The merger will combine Swisspath Group's expertise with VECO Group's strong presence in Ticino, creating one of the largest independent Multi-Family Offices in Switzerland.
The two companies intend to combine their competencies to holistically meet the complex needs of today's customers and create a solid foundation for future growth. The merger will be completed by the end of the first quarter of 2025.
I am looking forward to combining the two companies to create one of the largest independent Multi-Family Offices in Switzerland.
Alessandro Lardi, co-founder of Swisspath Group and future Managing Partner
Leadership Changes
The merged company will have over 70 employees and will be led by Swisspath co-founder Alessandro Lardi. Zurich and Lugano will remain the head offices, but the new headquarters will be in Zurich.
As part of the merger, Stefano Fiala, CEO and Partner of VECO Invest, has been appointed CEO of VECO Group and will join the Group's Board of Directors. Antonio Mandrà, the former president and CEO of VECO Group, as well as CEO of VECO Advisory SA, will be leaving the Group to pursue other international projects.
Strategic Implications
This merger is poised to leverage Switzerland's reputation for financial strength, stable government, and excellent infrastructure. By combining their resources and expertise, the newly formed entity aims to enhance its ability to serve high-net-worth families and individuals across Switzerland and internationally. The new firm will offer a wide range of services, including estate planning, tax and legal advice, wealth management, yachting, trust advice and property management. The joint business will retain the Veco name, but with a new corporate design and brand identity.
The timing of this merger is significant, as it coincides with upcoming changes in the UK tax regime. As of April 6, 2025, the UK will introduce a new special tax regime for certain non-resident individuals. This change may create new opportunities for Swiss-based multi-family offices to attract international clients. The merged entity will continue to focus on providing personalized solutions to help clients achieve their ambitions, leveraging the combined 50-plus years of experience of both firms in building trust and navigating complex financial landscapes.
