The pressures of consolidation in the Swiss private bank sector are high. A number of transactions suggest a fresh wave of takeovers is imminent. A prominent dealmaker explains to finews.asia why.
Dealmakers like Jean-François Lagassé (pictured below) are the oil that lubricates the current consolidation in the Swiss private banking sector. There’s hardly been a takeover in recent years that Lagasse hasn’t been involved in or aware of. In 2008 he joined Deloitte in Switzerland as a partner, and for the past four years has led the corporate finance team.
And while his colleagues are on holiday, he’s had his hands full at Deloitte with a burgeoning pipeline of potential deals. He identifies three trends which are driving transactions in the sector, in an interview with finews.asia.
A fair representative for these trends are the deals involving the Geneva private bank Gonet and UBP, as well as banking giant UBS. These trends are:
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