Switzerland $240 Billion Private Bank EFG International to Buy Switzerland Private Bank Quilvest Switzerland with $6.9 Billion (CHF 5.3 Billion) Client Assets with Quilvest Switzerland to Merge into EFG, Quilvest Switzerland Founded in 1932 by Argentina Bemberg Family & Owned via Luxemburg-Based Bemberg Capital, Focuses on UHNWIs in Latin America, Western Europe, Switzerland & Middle East
28th January | Hong Kong
Switzerland private bank EFG International ($240 billion AUM) has announced to buy Switzerland private bank Quilvest Switzerland with $6.9 billion (CHF 5.3 billion) client assets, with Quilvest Switzerland expected to merge into EFG. Quilvest Switzerland was founded in 1932 by Argentina Bemberg Family, and is owned via Luxemburg-based Bemberg Capital. Quilvest Switzerland focuses on UHNWIs in Latin America, Western Europe, Switzerland & Middle East. Announcement (26/1/26): “EFG International AG is today announcing the 100% acquisition of Quilvest (Switzerland) Ltd, a pure-play Swiss private bank with an established footprint in Latin America, strong focus on ultra-high net worth individuals (UHNWI) and a long-standing and successful track record in advising on private market investments. The closing of the transaction is expected in the third quarter of 2026 and subject to regulatory approval. Quilvest Switzerland was founded in 1932 by the Argentinian Bemberg family and is fully owned by Bemberg Capital, a Luxemburg-based holding of the family. The bank is headquartered in Zurich and has an established presence in Montevideo, Uruguay. It has approximately CHF 5.3 billion of client assets, of which CHF 3.9 billion are Assets under Management and CHF 1.4 billion Assets under Custody. Its business focuses on serving UHNWIs domiciled in Latin America, Western Europe including Switzerland and the Middle East. UHNW and HNW clients account for more than 90% of total AuM. These clients, including the Bemberg family, will have access to a broader set of services and products through their partnership with EFG. The acquisition further strengthens EFG’s footprint in its home market, as well as in two key growth markets, Latin America and the Middle East, and is fully in line with its previously announced M&A strategy and criteria. It is expected to yield significant value creation as Quilvest Switzerland’s investment expertise, its product offering, and its experience in serving families and entrepreneurs across regions are integrated into EFG’s platform. EFG will acquire all Quilvest Switzerland shares in cash and expects the acquisition to reduce its CET1 capital ratio by a maximum of approximately 70 basis points. It is expected that Quilvest Switzerland will be integrated into EFG Bank.”
“ Switzerland $240 Billion Private Bank EFG International to Buy Switzerland Private Bank Quilvest Switzerland with $6.9 Billion (CHF 5.3 Billion) Client Assets with Quilvest Switzerland to Merge into EFG, Quilvest Switzerland Founded in 1932 by Argentina Bemberg Family & Owned via Luxemburg-Based Bemberg Capital, Focuses on UHNWIs in Latin America, Western Europe, Switzerland & Middle East “
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Giorgio Pradelli, CEO of EFG International: “We look forward to our future partnership with the Bemberg family and to working with the Quilvest Switzerland team as they add to our growth in Switzerland, the Middle East, and the Americas and to further expanding our holistic client offering. The acquisition of Quilvest Switzerland is testament to EFG’s ability to attract partners who share our entrepreneurial culture and our commitment to long-term value creation, across generations.”
Adrien de Boisanger, Executive Chairman of Bemberg Capital, Member of the Board of Quilvest Switzerland: “The partnership with EFG represents a significant advancement for our banking operations. We are confident that this transaction will generate considerable value for all stakeholders, particularly clients and employees, by offering access to a global network and improved client service capabilities within an organisation that shares the Bemberg family’s values and entrepreneurial mindset. For Bemberg Capital, this strategic move will strengthen the group’s commitment to its core activities in private capital investments and management, through Quilvest Capital Partners.”
EFG International – EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. EFG International’s group of private banking businesses operates in over 40 locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss Exchange. EFG International AG, Bleicherweg 8, 8001 Zurich, Switzerland
Switzerland $240 Billion Private Bank EFG International to Buy Switzerland Private Bank Quilvest Switzerland with $6.9 Billion (CHF 5.3 Billion) Client Assets with Quilvest Switzerland to Merge into EFG, Quilvest Switzerland Founded in 1932 by Argentina Bemberg Family & Owned via Luxemburg-Based Bemberg Capital, Focuses on UHNWIs in Latin America, Western Europe, Switzerland & Middle East
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