- VP Bank (Luxembourg) SA (“VPB”) is a fully owned subsidiary of VP Bank AG, an internationally positioned private bank listed at the SIX Swiss Exchange.
- Öhman Bank S.A. (“Öhman”) is a Luxembourg based bank offering asset management and wealth management services. Öhman was established in 2006 and is part of the family-owned Öhman Group in Sweden.
- Following a shift of the Öhman Group over the last years towards asset management, the private banking operation in Luxembourg was considered non-core. In line with VP Bank's “Strategy 2025”, VPB has entered into an asset transfer-agreement to acquire the client business of Öhman. The transaction involves the acquisition of about 11 employees and client assets of approx. EUR 760 million.
- CFM acted as financial advisor to VPB in this transaction.
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