Arquia Banca acquires Profim

Spanish credit union Arquia Banca is to acquire independent financial advisory company Profim.

The deal is subject to regulatory approval and would make Arquia Banca a major shareholder of Profim, which tallies over 1,000 clients and manages €350m.

The transaction aims to develop Arquia Banca’s activities on the private bank segment targeting ultra-high net-worth individuals and institutional clients.

Profim is registered since 2010 as an independent financial advisory firm.

Established in 1983, Arquia Banca has over 116,000 clients and managed some €1.95bn in assets at end 2015.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!