Apr 08, 2013
Zurich/ Switzerland/ Hong Kong, April 5th 2013 - Falcon Private Bank Ltd. completes the acquisition of Clariden Leu (Europe) Ltd. Effective 31 March 2013, the London-based asset manager will conduct its business under a new name and ownership as Falcon Private Wealth Ltd.
Falcon Private Wealth, based in Knightsbridge, London, is authorized and regulated by the United Kingdom’s Financial Services Authority (FSA) and is now a wholly owned subsidiary of Falcon Private Bank, Switzerland. Falcon Private Wealth is an international private asset management firm offering tailored wealth management services to global clients with a strong focus on the Middle East and Africa, Eastern Europe, Asia and other emerging markets.
“We are delighted to welcome Falcon Private Wealth on board and to further strengthen our position as a leading emerging market-focused wealth management group,” said Eduardo Leemann, Chief Executive Officer of Falcon Private Bank. “We are impressed by the professionalism and dedication of the management team and staff, who have positioned themselves as a leading asset manager for global high and ultra high net worth clients,” Eduardo Leemann added.
“We are proud to be part of a strong and dynamic group with an in-depth understanding of emerging markets and service excellence,” said Graham Stapeley, designated Chairman of Falcon Private Wealth. “Falcon Private Wealth will continue to be a leading London-based asset management firm that combines UK asset management tradition with Swiss wealth management expertise for global high net worth clients.”
Nick McCall, the newly appointed Chief Executive Officer of Falcon Private Wealth, added: “With a new name and a strong owner that shares our values, we look forward to continuing to offer our clients the distinctive personal and tailor-made service experience that they have come to expect from our staff.”
Falcon Private Wealth, based in London, UK, is a wholly owned subsidiary of Falcon Private Bank Ltd.
The purchase price for the transaction has not been disclosed.
Re-disseminated by The Asian Banker