Vontobel Completes Acquisition of IHAG Privatbank’s Client Book
7 JAN, 2025
Vontobel has finalised its acquisition of the client book from IHAG Privatbank, a Swiss private bank that manages $3.53 billion in client assets. The deal, first announced on 19 September 2024, marks a strategic move to bolster Vontobel’s footprint in the DACH region (Germany, Austria, and Switzerland).
The acquired clients have now been integrated into Vontobel’s Private Clients segment, where they will benefit from Vontobel’s global investment expertise, professional advisory services, and advanced digital capabilities. The acquisition was financed using Vontobel’s existing capital, and the firm confirmed that the transaction positively impacts its group net profit.
Vontobel emphasised the strategic value of the acquisition in enhancing its private banking offering across its core markets.
About IHAG Privatbank
Founded 75 years ago, IHAG Privatbank has a rich history tied to Swiss industrialist Emil Georg Buehrle. Initially established to support the financial activities of Buehrle’s companies, the bank is now owned by Gratian Anda and family.
This acquisition signifies Vontobel’s continued commitment to expanding its reach in private banking while reinforcing its expertise and resources to cater to high-net-worth clients in the region.
