Geneva wealth firms merge in $4.4bn assets deal

Geneva-based wealth managers Pleion and Probus have agreed to merge in a deal that will see CHF4bn ($4.4bn) of combined assets and around 200 staff worldwide, including 60 in Switzerland.  Pleion CEO Patrick Héritier will head the management of the new entity in Switzerland, subject to approval by FINMA. Set up in 1980, Pleion focuses on certain asset classes, an IT infrastructure and in-house development of proprietary applications, with offices in Geneva, Bern, Nyon, Sion, Verbier and Zurich. Founded in 1984, Probus specialises in emerging markets, fund management and private str...