AMBASSADORS OF PRIVATE BANKING
Ambassadors of Private Banking LLC (“APB”) was founded in 2017 in Zürich by two partners with over 80 years banking experience, in particular in Private Banking in Switzerland.
Based on their knowledge of the market and an in depth review of the current situation of the Swiss Private Banking scene, that shows that some 10 to 15 banks are « disappearing » one way or another each year through a consolidation process that will accelerate going forward due to:
Ambassadors of Private Banking will be a consortium of existing Swiss Private Banks, grouping well established brands, while introducing a new brand (“APB”) that connects them.
On the APB platform will be all merged banks delivering banking services to their clients, each under their own brand name.
The lead (initial) bank will be the service host for all back office services and support functions for the merged banks. This process will dramatically lower operating costs.
Increased automation will drive efficient service processing within every merged institute, thereby adding value to the benefit of all stakeholders.
The APB partners, together with their Advisory Board experts, will develop the appropriate digital strategy with the technological innovations required for a sustainable, competitive and profitable future.
Product sharing between the different merged brands, together with the development of new product offerings, will increase product sales and margins.
Ambassadors of Private Banking are the first mover in preparing this business model designed to participate successfully in the Swiss Private Banking Market Consolidation.
We are the leading Swiss house for prestigious brands.
NEWS & EVENTS
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Why Switzerland’s banks are dying out
Pressures to modernize, meet tighter regulations, and increase transparency over tax avoidance are killing off Swiss private banks. Experts say the future of all but the biggest is precarious.
Michael Brächer January 19, 2018 1:32 pm
Quel prix pour les achats de banques et de portefeuilles de clients
Comment se structure une opération de fusion-acquisition dans la gestion de fortune
Sébastien Roy, avocat, Genève
Publié dimanche 3 juin 2018 à 19:56, modifié dimanche 3 juin 2018 à 20:28.