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Kaleido Privatebank AG attracts a new owner

Datum: 21.01.2022

Gibraltar-based Trusted Novus Bank Limited (TNB) has agreed to acquire 100% of Kaleido Privatbank AG. The closing of the acquisition is subject to regulatory approvals and expected in the second half of 2022. This represents a major milestone in Kaleido’s ambition to become THE Swiss Boutique Private Bank leveraging collective intelligence.

With the recently appointed management team of Rolf Bauer (CEO) and Gian Nay (COO), the Swiss bank has refocused its strategy towards clients from the DACH region - Germany, Austria, and Switzerland - and other selected international markets.

Kaleido Privatebank AG stands at the forefront of technology – a Swiss private bank offering innovative financial solutions, including independent “best-in-class” wealth management, topic-based digital communities as well as solutions “beyond banking.” Named as the “Best Boutique Private Bank” in Switzerland by CFI.co (Capital Finance International) Banking Awards in 2021, Kaleido’s deep understanding of the needs of high-net-worth individuals, wealthy families and entrepreneurs allows the bank to remain true to Swiss banking principles of exceptional customer care, strong governance, and integrity, while continuing to pioneer compliance standards and digitization.

“The future owner has a strong commitment and competence to continue supporting the new strategy of Kaleido and enable us to release the growth potential,” says Kaleido CEO Rolf Bauer.

With changing investor needs, rapidly evolving technology, and intensified regulation, TNB was seeking a high-quality private banking platform in Switzerland, to create a hub in order to grow its overall Private Banking franchise.

“We are extremely excited about the opportunities the new ownership will provide to our team. Most importantly, the exponential growth we expect from additional know-how and access to new markets” says Gian Nay, COO of Kaleido.

Christian Bjørløw, CEO of Trusted Novus Bank comments: “With the purchase of Kaleido we have a great opportunity to enhance our services to both our and Kaleido’s clients, with the focus on banking being an enjoyable and out of the ordinary experience.”

About Trusted Novus Bank

Trusted Novus Bank opened its doors in 2020. However, the bank’s history goes back to 1855, making it the oldest bank in Gibraltar. The bank offers a comprehensive set of banking products and services to support customers’ everyday banking needs whether it is Private Banking, Corporate or Retail. The main focus is on the sustainability, reliability and performance of the services offered. The management of the TNB business is geared towards the interests of customers and stakeholders.

About Kaleido Privatbank AG

Kaleido Privatbank AG is a modern boutique bank located in the heart of Zurich. Private and institutional clients, including wealthy families and Family Offices, trust in the Kaleido expertise and unique network that has been built over many years. Like a kaleidoscope, the bank combines a variety of elements to create a best-fit overall outcome. Kaleido creates specific compositions of private banking and wealth management competences, using state-of-the-art-technology and network expertise, for every individual client's perspective, building bespoke solutions.

Deal Information

PricewaterhouseCoopers acted as consultant to the Buyer in the performance of the financial Due Diligence. Lenz & Staehelin acted as legal advisor to the Seller. Walder Wyss acted as legal advisor to the Buyer. CFM acted as M&A advisor for the Seller. Ambassadors of Private Banking acted as M&A lead advisor for this transaction.

For further information, please contact:

Kaleido Privatbank AG

Bauer Rolf, CEO at r.bauer@kaleidoprivatbank.ch

Gian Nay, COO at g.nay@kaleidoprivatbank.ch

 


The Power of Collaboration - with Petiole Asset Management and Kaleido Privatbank

Datum: 11.01.2022 

Petiole Asset Management AG and Kaleido Privatbank AG are pleased to announce their collaboration in private markets investing. This long-term partnership takes wealth and asset management for high-net-worth investors to a new level through combining private markets and private banking expertise.

Founded in 1995, Kaleido Privatbank AG stands at the forefront of technology – a Swiss private bank offering innovative financial solutions and topic-based digital communities. Named as the “Best Boutique Private Bank” in Switzerland by CFI.co (Capital Finance International) Banking Awards in 2021, Kaleido’s deep understanding of the needs of high-net-worth individuals, wealthy families and entrepreneurs allows the bank to remain true to Swiss banking principles of exceptional customer care, strong governance, and integrity, while continuing to pioneer compliance standards and digitization.

Petiole will enable Kaleido’s clients unique access to private market portfolios of directs and co-investments. As a specialized asset manager with more than CHF 2 billion in assets under management and 17 years of industry experience through its sister company, The Family Office Co., Petiole has focused expertise in private equity, real estate and private debt transactions with trusted top-tier sponsors in Europe, the United States and Asia/Pacific. The firm is at the leading edge of technology, having fully digitized its operational and investment processes. Petiole also provides exclusive access to the Petiole App, which features private market investments with full transparency and asset-level portfolio management reporting.

With changing investor needs, rapidly evolving technology and intensified regulation, wealth managers are seeking asset management capabilities offering scale, technology, and investment excellence to address the new challenges.

“We are extremely excited about what this strategic partnership will mean for our team and, most importantly, the services we provide to our clients,” said Kaleido Privatbank CEO, Rolf Bauer. “Leveraging Petiole’s long-standing investing experience, cutting-edge technology, and broad network of global sponsors, allows Kaleido to continue innovating private banking with privileged access to private market transactions,” explained Kaleido's COO Gian Nay.

“Kaleido’s pioneering and partnership culture fits well with our innovative approach to asset management. Rolf together with his business partner Gian Nay (COO) and the dynamic, client-centric team at Kaleido continue to advance private banking to a new degree of excellence,” said Hani Abuali, Petiole Asset Management CEO. “We’re excited about this partnership.”

With an average of 15-20 transactions closed annually, Petiole inaugrates 2022 with extensive plans for expansion and growth further accelerated with Kaleido’s partnership.

About Petiole Asset Management AG

Petiole Asset Management is a FINMA-licensed asset manager of collective assets headquartered in Zurich, Switzerland, with affiliates located in New York and Hong Kong and three other licenses regulated to conduct business in the USA, Hong Kong, and the Cayman Islands. We have established solid working relationships with top-tier global sponsors, successfully co-investing with them over the past 17 years as part of The Family Office Co. At Petiole, we meet the needs of institutional investors, family offices, and qualified investors through diversified and tailored private market investment solutions, leveraging technology through our proprietary Petiole App. For more information visit Petiole’s investment solutions and their LinkedIn @Petiole Asset Management.

About Kaleido Privatebank AG

Kaleido Privatbank is a modern boutique bank located in the heart of Zurich’s most vibrant district in Seefeld, Switzerland. Private and institutional clients including wealthy families and Family Offices trust in our expertise and our unique network that has been built over many years. Like a kaleidoscope, we combine a variety of elements to create a best-fit overall outcome. We create specific compositions of private banking and wealth management competences, state-of-the-art-technology and our network expertise for every individual client's perspective to build bespoke solutions. For more information visit Kaleido Privatbank and their LinkedIn @Kaleido Privatbank AG.