- CFM partners ag advised Banque Degroof Petercam SA, a Belgian banking group, upon the disposal of its Geneva-based private banking entity to Gonet & Cie SA as part of its refocus of private banking activities on Belgium, Luxembourg and France.
- The sale was made after more than 50 years of presence in the Swiss market to a well-recognised institution who shares common values with Degroof Petercam and who will continue servicing the client base to a high standard with an expanding range of solutions and services.
- The transaction represents an excellent opportunity for Gonet to continue its growth strategy of developing its wealth management portfolio whilst offering Degroof Petercam a clean exit from the Swiss private banking market.
- Having closed the share deal in April 2022, Degroof Petercam (Suisse) SA will be merged into Gonet’s organisation.
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