Arab Bank (Switzerland) Ltd. and Gonet & Cie SA complete strategic business partnership

Niederer Kraft Frey advised Nicolas Gonet and Gonet & Cie SA on the strategic business partnership with Arab Bank (Switzerland) Ltd.

Gonet & Cie SA, a Swiss private bank founded in Geneva in 1845, and Arab Bank (Switzerland) Ltd., a Geneva-based bank created by Jordanian shareholders in 1960, entered into a strategic business partnership. Following the approval by the Swiss Financial Market Supervisory Authority FINMA, the transaction is now completed.

Arab Bank (Switzerland) Ltd has acquired a majority stake in the family holding company owning Gonet & Cie. The two banks will combine their offer of products and services, but remain independent banks with their respective name and banking license. The two institutions are hence solidifying their growth and ambition to be key players in the market.

The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with Andrea Wuerzner (partner, Corporate/M&A).