Swiss Private Bank Merges With Multi-Family Office: A young Swiss private bank merging with a multi-family office to manage billions of Swiss francs in client assets is not something you see every day. citegestion sartuscapital
Geneva-based private bank Cité Gestion merged with multi-family office Sartus Capital, creating a new financial institution with nearly 7 billion Swiss francs of client assets under management. Together, the two firms employ about 100 people at locations in Geneva, Lausanne, Zurich, and Lugano, the two companies announced Tuesday,Geneva-based Sartus Capital was founded in 2016 and acquired by management in 2021.
Two years later, Cité Gestion teamed up with Zurich-based Ultra Finanz, expanding the top management team to eight people. Earlier this year, the firm received a full banking license from Finma and has since operated as a private bank.
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