Walder Wyss AG advised Bank J. Safra Sarasin Ltd on the deal.
Safra Sarasin Group completed the acquisition of Bank of Montreal’s (BMO) Private Banking Business in Hong Kong and Singapore. This transaction confirms the Group’s leading role in the consolidation of global private banking.
The acquisition covers BMO’s private banking business in Hong Kong and Singapore by way of an asset purchase agreement. The acquisition includes clients and their experienced relationship management teams.
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $949 billion as of October 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
The Walder Wyss team was led by Patrick W. Vogel (Picture – Partner, Corporate/M&A) and included Alexander Sorton (Associate, Corporate/M&A) and Valentine Schnyder (Associate, Corporate/M&A).
Law Firms: Walder Wyss Ltd.;
Clients: Bank J. Safra Sarasin AG;