Gonet & Cie to merge with Arab Bank.

Gonet & Cie, a Swiss private bank, agreed to merge with Arab Bank, a commercial banking firm. Financial terms were not disclosed. "Gonet & Cie is an ideal partner to strengthen our presence in Switzerland, given its Swiss DNA and its brand awareness locally. This partnership is a unique opportunity to reach ambitious growth targets in a Swiss Private Banking market which is changing rapidly. Our two banks will keep growing and, together, will constitute a unique banking group with a particularly wide offering," Serge Robin, Arab Bank CEO.