Private Bank EFG International Agrees to Buy Quilvest Switzerland

Dow Jones01-26

By Elena Vardon

EFG International signed an agreement to buy Quilvest Switzerland for an undisclosed cash sum, marking the latest deal in a string of acquisitions by the Swiss private bank.

The Zurich-listed group has been seeking to buy smaller peers to complement its organic-growth plans, gain scale and capture a larger slice of a market in which it competes with UBS, Julius Baer and Vontobel, among others. Two acquisitions were closed last year.

EFG is buying Quilvest from Bemberg Capital, a holding of the eponymous Argentinian family that founded the company in 1932, it said Monday. Quilvest, which is has an established presence in Latin America and focuses on ultra-high net worth individuals, looks after around 5.3 billion Swiss francs ($6.84 billion) in client assets.

The transaction is expected to reduce the bank's capital ratio by around 70 basis points and is set to close in the third quarter subject to approvals, it added.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

January 26, 2026 03:02 ET (08:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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