The private banking arm of Intesa Sanpaolo Group, Fideuram Intesa Sanpaolo, has confirmed it is poised to take a 69% stake in Switzerland's Reyl Group. The deal will involve the merger of Intesa Sanpaolo Private Bank (Suisse) Morval with the Swiss company. The investment firm said yesterday the combined bank will remain in Geneva and will number 400 employees and €16.7bn in AuM. François Reyl, CEO of Reyl group, said: "Fideuram ISP-PB is the ideal partner for Reyl and we cannot be m...
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