The case
EFG International AG (EFG hereafter) has entered into an agreement to acquire 100 % of the share capital of Quilvest (Switzerland) Ltd., a Zurich-based private bank, from its current shareholders.
Source: Bank EFG International
The commentary
The transaction was announced at the end of January 2026.
Completion of the acquisition is subject to customary regulatory approvals and closing conditions, with completion currently expected in Q3 2026. Upon closing, Quilvest (Switzerland) Ltd. will be fully integrated into the EFG group.
At the time of the announcement, Quilvest (Switzerland) Ltd. managed approximately CHF 5.3 billion in assets under management, maintaining a client base mainly focussing on Latin America.
The transaction is expected to further strengthen EFG’s private banking franchise in Switzerland and support its strategic growth in selected international markets, including Latin America and the Middle East.
As of June 2025, EFG International managed CHF 162.3 billion in assets under management.