EFG International to acquire Zurich-based private bank Quilvest Switzerland Montag, 26. Januar 2026 - 07:37
Ad hoc announcement pursuant to Art. 53 LR
26 January 2026
EFG International AG is today announcing the 100% acquisition of Quilvest (Switzerland) Ltd, a pure-play Swiss private bank with an established footprint in Latin America, strong focus on ultra-high net worth individuals (UHNWI) and a long-standing and successful track record in advising on private market investments. The closing of the transaction is expected in the third quarter of 2026 and subject to regulatory approval.
Quilvest Switzerland was founded in 1932 by the Argentinian Bemberg family and is fully owned by Bemberg Capital, a Luxemburg-based holding of the family. The bank is headquartered in Zurich and has an established presence in Montevideo, Uruguay. It has approximately CHF 5.3 billion of client assets, of which CHF 3.9 billion are Assets under Management and CHF 1.4 billion Assets under Custody. Its business focuses on serving UHNWIs domiciled in Latin America, Western Europe including Switzerland and the Middle East. UHNW and HNW clients account for more than 90% of total AuM. These clients, including the Bemberg family, will have access to a broader set of services and products through their partnership with EFG.
The acquisition further strengthens EFG’s footprint in its home market, as well as in two key growth markets, Latin America and the Middle East, and is fully in line with its previously announced M&A strategy and criteria. It is expected to yield significant value creation as Quilvest Switzerland’s investment expertise, its product offering, and its experience in serving families and entrepreneurs across regions are integrated into EFG’s platform.
EFG will acquire all Quilvest Switzerland shares in cash and expects the acquisition to reduce its CET1 capital ratio by a maximum of approximately 70 basis points. It is expected that Quilvest Switzerland will be integrated into EFG Bank.
Giorgio Pradelli, CEO of EFG International:
“We look forward to our future partnership with the Bemberg family and to working with the Quilvest Switzerland team as they add to our growth in Switzerland, the Middle East, and the Americas and to further expanding our holistic client offering. The acquisition of Quilvest Switzerland is testament to EFG’s ability to attract partners who share our entrepreneurial culture and our commitment to long-term value creation, across generations.”
Adrien de Boisanger, Executive Chairman of Bemberg Capital, Member of the Board of Quilvest Switzerland:
“The partnership with EFG represents a significant advancement for our banking operations. We are confident that this transaction will generate considerable value for all stakeholders, particularly clients and employees, by offering access to a global network and improved client service capabilities within an organisation that shares the Bemberg family’s values and entrepreneurial mindset. For Bemberg Capital, this strategic move will strengthen the group's commitment to its core activities in private capital investments and management, through Quilvest Capital Partners.”
| Documents | Download |
|---|---|
| Ad hoc announcement pursuant to Art. 53 LR |
Important disclaimer
This document has been prepared by EFG International AG (“EFG”) for use by you for general information only and does not contain, and is not to be taken as containing, any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem, any securities regarding EFG.
This release may contain specific forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “seek”, “plan”, “predict”, “continue” and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.
These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees, agents and advisors expressly disclaim any obligation or undertaking to release any update of, or revisions to, any forward-looking statements contained in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.