EFG International Acquires Swiss Private Bank

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EFG International to acquire Swiss private bank Cité Gestion

Zurich-listed EFG International has announced plans to acquire 100% of Swiss private bank Cité Gestion. The transaction, expected to close in the second half of 2025, is subject to regulatory approval and aligns with EFG’s M&A strategy. The acquisition is anticipated to enhance EFG’s capabilities in Switzerland and be accretive to earnings per share (EPS) by 2026. Cité Gestion, with SFr7.5bn ($8.33bn) of assets under management (AUM) as of the e…

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EFG International Acquires Swiss Private Bank

Swiss private bank EFG International expects its latest acquisition to further strengthen its presence and capabilities in Switzerland. The firm anticipates that the transaction will be EPS accretive by 2026. EFG International will acquire 100 percent of the Geneva-based private bank Cité Gestion. The closing of the transaction is expected in the second half of 2025 and is subject to regulatory approval, EFG announced on Wednesday. The acquisiti…

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Swiss private bank EFG International closed last year in 2024 with a record profit. Shareholders are expected to benefit from a higher dividend and a smaller competitor will be taken over in Geneva.