Walder Wyss advised the J. Safra Sarasin Group on the transaction.
J. Safra Sarasin Group announced the signing of an agreement to acquire Lombard Odier’s private banking business in Gibraltar.
This acquisition includes the transfer of clients and their experienced relationship managers. The well-diversified and attractive client base is an excellent fit with J. Safra Sarasin’s private banking business and its comprehensive offering of investment services and trading capabilities.
This acquisition is another step forward in the growth strategy of the Group’s private banking business and will further enhance its already strong footprint in Gibraltar, where it has a long and successful track record since 2001. Following the acquisition of Credit Suisse (Gibraltar) Ltd in 2016, this transaction confirms the Group’s leadership position in Gibraltar.
The completion of the acquisition is expected in mid-2019, subject to regulatory approval.
Walder Wyss advised the J. Safra Sarasin Group on the transaction with a team led by Patrick W. Vogel (Partner, Banking and Corporate/M&A, in picture) and included Laurent Schmidt (Associate, Banking and Corporate/M&A).
Law Firms: Walder Wyss Ltd.;
Clients: J. Safra Sarasin Group;