Hyposwiss Private Bank Genève has recently announced the acquisition of Finamor Financial Management AG, a wealth management company launched in 1984 and headquartered in Zurich.
Hyposwiss’ CEO Niels Bom Olesen will chair the board of Finamor with the bank’s board chairman Solly Lawi as vice-president.
No change will be brought to Finamor’s management team. Gur Ben Ari will remain as CEO of the company.
Hyposwiss has taken part actively to the consolidation of the local wealth management sector over the last three years, having acquired the Swiss branch of Israel Discount Bank for CHF1.3bn at the end of 2015 and merged with Mirelis InvestTrust in 2014.