Degroof Petercam refocuses its private banking activities on Belgium, Luxembourg and France

Brussels/Geneva, 25 January 2022 - Degroof Petercam and the Geneva-based private bank Gonet & Cie have signed an agreement for the sale of all shares of Banque Degroof Petercam (Suisse) SA. Banque Degroof Petercam (Suisse) SA is thus entering a new phase of its evolution by partnering with a local player.

Hugo Lasat, CEO Degroof Petercam: "After more than fifty years of activity in the Swiss market, the time was right to affiliate our private banking activities in Switzerland to a distinguished Geneva-based private bank that will enable us to offer a broader range of solutions and services meeting our clients’ needs. We share common values with Gonet & Cie, based on independence and a family and entrepreneurial business culture forged through many generations. This merger is therefore a natural fit and will enable to maintain the proximity to our clients and the sense of tailor-made service that they are rightfully expecting."

This transaction is subject to the approval of the regulatory authorities. No further details of the transaction will be disclosed.

The Degroof Petercam group remains active in Switzerland through its institutional activities with the presence of Degroof Petercam Asset Management (DPAM).