Sunday, 22nd November 2009

 

26 September 2008 - Press Briefing

Zurich private bank acquires local competitor

Finter Bank, a Zurich-based private bank, owned by the Italian financial company Italmobiliare, has acquired Bank Hugo Kahn.

Also based in Zurich, Bank Hugo Kahn managers around SFr900m in assets and is controlled by Kahn family.

Finter Bank has around SFr6.2bn of assets under management with offices in Zurich, Lugano and Chiasso, as well as a subsidiary in the Bahamas.

Terms of the deal were not disclosed, however, reports in the Italian press suggest Finter paid around €24m for Hugo Kahn.

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