Kaiser Partner takes over Vontobel Liechtenstein
After a positive performance in the 2016 financial year, Kaiser Partner Privatbank AG is reinforcing its positive growth trajectory by taking over Vontobel Liechtenstein, as detailed in the joint media release issued by the two companies today. Kaiser Partner and Vontobel will cooperate in various areas.
“We’re delighted to be able to look after Vontobel’s clients in Liechtenstein. Vontobel and Kaiser Partner have very similar values, and we will be a competent and reliable partner for these clients,” says Fritz Kaiser, owner and Chairman of the Board of Directors of Kaiser Partner.
The 18 employees at Vontobel’s Liechtenstein office will join the team at Kaiser Partner. The acquisition increases Kaiser Partner Privatbank AG’s assets under management by CHF 1.4 billion (as at October 2017) to around CHF 4 billion. The transaction is scheduled for completion in the first quarter of 2018, subject to approval from the regulators.