Fideuram – Intesa Sanpaolo Private Banking And REYL & Cie SA To Enter Into Long-term Strategic Partnership

– Fideuram – ISP PB will acquire a 69% interest in REYL and contribute to REYL its wholly-owned Swiss banking subsidiary Intesa Sanpaolo Private Bank (Suisse) Morval

– Following the transaction, the combined bank will remain headquartered in Geneva and will count close to 400 employees, AUM of over CHF 18 Bln and regulatory shareholders’ equity of about CHF 250 Mln

– Implementation of joint long-term strategic plan encompassing all REYL business lines

MILAN and GENEVA, Oct. 5, 2020 /PRNewswire/ — Fideuram – Intesa Sanpaolo Private Banking (Fideuram – ISP PB), the private bank division of the Intesa Sanpaolo Group and REYL & Cie SA (REYL), an independent and diversified banking group headquartered in Geneva, announce they have agreed on the terms of a strategic partnership by which Fideuram – ISP PB will acquire a 69% interest in REYL and will contribute to REYL its wholly-owned Swiss bank

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