Hyposwiss Private Bank Geneva has acquired Finamor Financial Management, a private wealth manager based in Zurich, for an undisclosed sum.
The takeover has already secured the nod of Swiss financial regulator FINMA, Hyposwiss said in a statement.
Go deeper with GlobalData
Finamor will retain its management team, with its CEO Gur Ben Ari continuing in the same role.
The board of directors of Finamor will now be chaired by Hyposwiss CEO Niels Bom Olesen, while Solly Alain Lawi will serve as vice-chairman.
“The consolidation of resources within the Group – associated with Finamor – strengthens financial competitiveness and demonstrates adaptability and dynamism in asset management, with a new presence in Zurich. This transaction enables Hyposwiss to service a complementary high net worth clientele and to integrate a qualified team of professionals who share similar values of entrepreneurship and personal commitment,” Hyposwiss said.
