Rothschild to acquire Banque Paris Bertrand from Investcorp.

Rothschild to acquire Banque Paris Bertrand, a private bank with headquarters in Switzerland, from Investcorp, a provider and manager of alternative investment products. Investcorp has already agreed to divest its minority stake. Financial terms were not disclosed. “Our Wealth Management business has strong footholds across Europe and this acquisition is another step in developing our unique offering. We are delighted that the Banque Pâris Bertrand, an extremely reputable private bank in the important Swiss market, has agreed to join our group. This is a highly complementary acquisition for Rothschild & Co, with shared values and a like-minded approach to business. I am sure that together we will continue to meet our clients’ needs by providing an objective, long-term perspective to preserving and growing their wealth," Alexandre de Rothschild, Rothschild & Co Executive Chairman.