Swiss private banks Gonet & Cie and Mourgue d’ Algue & Cie have agreed to combine operations. The deal is subject to regulatory nod.
Gonet Group and Mourgue d’Algue & Cie were set up in 1845 and 1869, respectively. Both the banks offer wealth management services for Swiss and international clients.
The combined group will manage nearly CHF5bn in assets and will use the Gonet name. The merged entity will be headed by Gonet & Cie CEO Nicolas Gonet.
“This merger with Mourgue d’Algue & Cie, a private banker partnership with long-standing roots in Geneva and respected for its know-how, fits in perfectly with our dynamic of qualitative growth and reflects our desire to be among the most proactive players of the Geneva financial place,” Gonet noted.
Mourgue d’Algue & Cie partners Pierre-Andre and Swana Mourgue d’Algue will join the senior management team of the merged group and continue to tend to their clients.
“We share similar family values with Gonet & Cie SA and cultivate the same demand for independence and the same entrepreneurial spirit. This makes it the ideal partner to combine our missions as well as our products and services to benefit the client base, in the long-term vision that will continue to drive us,” the pair said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData