Paris based Rothschild & Co and Compagnie Financière Martin Maurel will submit their private bank and asset management merger plans to their shareholders, respectively on 29 September and 28 September.
On 6 June, both companies unveiled plans to merge in order to form one of the largest independent private banks in France.
The new entity would manage €34bn in assets and operate under the name Rothschild Martin Maurel in France.
Rothschild & Co would absorb activities from Compagnie Financière Martin Maurel. Committees from the two firms have given their green light to the project on mid-June and their administration boards have signed the merger agreement.