Wednesday 05, September 2018 by Jessica Combes

Investcorp acquires a strategic stake in Banque Pâris Bertrand Sturdza

 

The investment in the private Swiss Bank provides growth capital and adds to Investcorp’s client offering.

Bahraini global provider and manager of alternative investment products Investcorp, has announced a strategic minority investment in Banque Pâris Bertrand Sturdza (the Bank), an independent, Swiss-regulated private bank based in Geneva and Luxembourg.

The Bank has experienced strong growth since its establishment in Geneva in May 2009, growing its assets under management (AuM) at an average yearly growth rate of 35 per cent to CHF 5.3 billion ($5.4 billion) as of June 2018. The Bank provides independent investment advice and customised investment solutions to over 400 high-net-worth individuals, family offices and institutional clients mainly from Switzerland and Europe.

The Bank will be renamed “Banque Pâris Bertrand SA” (PB) and will remain operationally independent. With Investcorp taking on the role as a strategic partner together with minority private investors, there will be no changes to the overarching governance structure of the Bank; nor to day-to-day interactions with clients.

The investment from Investcorp will provide PB with additional support to advance its growth strategy, enabling the Bank to further broaden and enhance its commercial offering to clients. Equally, the investment is in line with Investcorp’s strategy to selectively partner with companies that complement and grow both its existing client offering and international footprint. It brings the additional capability of offering Investcorp’s clients access to PB and its independent investment advice.

“We are delighted to be working with Banque Pâris Bertrand and its associates, who represent excellence in the field of private banking through their high-quality service offering and their high-performance investment solutions. Banque Pâris Bertrand Sturdza’s evolution since 2009 is remarkable—most noticeably for its alignment with its clients’ interests,” said Mohammed Alardhi, Executive Chairman of Investcorp.

This investment is the latest milestone in Investcorp’s ambitious growth strategy to reach $50 billion of AuM over the medium term and follows Investcorp’s acquisition last year of a $12 billion AuM credit management business, now known as Investcorp Credit Management.

Investcorp’s investment in PB has been approved by FINMA and CSSF, the Swiss and Luxembourg financial regulators.

Investment from new private shareholders and Investcorp showcases both the attractiveness and the unique positioning of Banque Pâris Bertrand in the private banking and fund management space, particularly regarding our wealthiest and most demanding clients, according to Pierre Pâris & Olivier Bertrand, Co-Founding Partners of PB, who added in a joint statement that they are excited to welcome their new partners, who will contribute to the Bank’s development across multiple markets, strengthening its global reputation. 

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