Deals
Swiss Private Banking M&A Advances With Notenstein-La Roche Deal
This article is for subscribers only.
Notenstein Private Bank Ltd., a unit of Swiss Raiffeisen group, agreed to acquire the client assets of La Roche & Co. and said it will seek more deals among Switzerland’s financial firms.
The business activities and employees of La Roche will move to Notenstein over the next six months, excluding clients with a direct or indirect connection to the U.S., Notenstein said in an e-mailed statement on Friday. The terms of the transaction weren’t disclosed.