Investcorp acquires strategic minority stake in PBS
Investcorp, alternative asset management, has acquired a strategic minority investment in Banque Pâris Bertrand Sturdza (PBS), an independent, Swiss-regulated private bank based in Geneva and Luxembourg.
The Bank has experienced strong growth since its establishment in Geneva in May 2009, growing its assets under management at an average yearly growth rate of 35% to CHF5.3bn as of June 2018. The Bank provides independent investment advice and customised investment solutions to over 400 high-net-worth individuals, family offices and institutional clients mainly from Switzerland and Europe.
It will be renamed Banque Pâris Bertrand SA (PB), and will remain operationally independent. With Investcorp taking on the role as a strategic partner together with minority private investors, there will be no changes to the overarching governance structure of the Bank; nor to day-to-day interactions with clients.
The investment from Investcorp will provide PB with additional support to advance its growth strategy, enabling the bank to further broaden and enhance its commercial offering to clients.
Investcorp’s investment in PB has been approved by FINMA and CSSF, Swiss and Luxembourg financial regulators.