- St. Galler Kantonalbank (“SGKB”), a Swiss cantonal bank, offers the entire range of financial services to its clients and provides private banking services through a dedicated private banking offering. SGKB is listed on the Swiss stock exchange and is the ninth largest universal bank in Switzerland. SGKB undertook a strategic review of the activities of the Group and decided to focus on its core businesses and exit certain private banking activities.
- In June 2013, SGKB announced the sale of its Geneva subsidiary, Hyposwiss Private Banking Geneva SA, and the sale of the Eastern European and LATAM businesses of Hyposwiss Private Bank AG. The other parts of the business of Hyposwiss Private Bank AG, which are part of the core business of the SGKB group, will be integrated into the SGKB group.
- CFM was engaged by SGKB as exclusive M&A advisor to provide the whole range of M&A services.