Banque Cantonale de Genève (BCGE) has acquired 100% of the capital of Zurich based independent asset management company Loyal Finance AG.
Loyal Finance AG works mainly with institutional investors in German-speaking Switzerland. Through this transaction, the shareholders and teams involved with Loyal Finance AG wish to ensure the development of their company by joining forces with a major institutional player on the Swiss market.
To begin with, 60% of the shares are being transferred to the BCGE, with the 40% balance being transferred after a 4-year transition phase.
The transaction is subject to approval from the relevant authorities.