Indosuez Wealth Management has expanded its roots in Switzerland with the planned acquisition of Banque Thaler, a Geneva-based institution noted for its wealth management expertise.
The transaction represents a big step forward in Indosuez’s expansion strategy, particularly in a market that is rapidly consolidating.
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Indosuez Wealth Management, a Crédit Agricole Group subsidiary, has inked a deal through its Swiss business to buy Banque Thaler’s whole share capital. The transaction, which requires regulatory approval, is expected to close in the second half of 2025.
Banque Thaler, founded in 1982, has a reputation for individualised client service and extensive wealth management capabilities. Indosuez, which has been in Switzerland since 1876, sees the acquisition as a chance to improve its service offering while also expanding its position in the global wealth management capital.
Jacques Prost, CEO of Indosuez Wealth Management stated: “This acquisition strengthens our position in Switzerland and illustrates our determination to provide our clients with solutions that are increasingly tailored to their needs. Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is now a major stakeholder in wealth management in Europe.”
Marc-André Poirier, Chief Executive Officer of Indosuez in Switzerland, added: “We are delighted to welcome Banque Thaler. Following record revenue in 2024, this acquisition will bring our assets under management to nearly €50 billion . We will work with Banque Thaler’s teams to make this acquisition a success for both clients and employees.”
The combined offering will allow clients of Banque Thaler access to Indosuez’s global capabilities, including corporate finance, asset management, fund servicing, and specialised financing solutions. The deal will also allow both institutions to benefit from shared resources and a larger pool of expertise.
From Banque Thaler’s perspective, the partnership promises to bring long-term advantages for both clients and staff.
Dirk Eelbode, CEO of Banque Thaler shared: “Indosuez Wealth Management in Switzerland is the ideal partner for Banque Thaler. What our management can offer will not only be maintained but enhanced thanks to the substantial resources made available by a major banking group with exceptional financial strength. This can only benefit our clients. At Indosuez we also find the entrepreneurial spirit that characterises Banque Thaler, and this is a great opportunity for all our employees to join an ambitious growth project. These are all positives that will contribute to our continued goal of being the leading player in Switzerland for our clients.”
Once completed, the acquisition will bring Indosuez Wealth Management’s total assets under management close to €220bn ($221bn), cementing its place among the wealth management firms in Europe.
