Vontobel has signed an agreement to acquire the client book of IHAG Privatbank (IHAG), in Zurich. This supports its strategic ambition to expand its presence in its focus markets, particularly in the DACH region.

IHAG Privatbank manages over CHF 3 billion in client assets. Subject to customary closing conditions, the transaction is expected to close first half of 2025 at the latest.

Bär & Karrer acts as legal advisor to Vontobel in this transaction. The team is led by Martin Anderson (M&A) and includes Milena Ferro-Luzzi (M&A), Eric Stupp (Banking, Regulatory), Christoph Suter (Tax) and Laura Widmer (Employment).