The new entity will have 200 employees worldwide, including 60 in Switzerland.

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Two Genevan wealth managers have merged, creating a new independent group managing around CHF 4 billion (£3.2 billion) with 200 employees.

PLEION and PROBUS have filed a request for authorisation to proceed with their merger. Patrick Héritier, currently the chief executive of PLEION, will take over the management of the new entity in Switzerland, subject to regulator approval.

The founders of the respective businesses, Antoine Darioli (PLEION) and Georges de Preux (PROBUS), have been in contact since 2018, but said via statement that they “immediately discovered common values”.

 

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Patrick Héritier, currently CEO of Pleion, will take over the management of the new wealth management entity.

Sharing the same values ​​and perfectly complementary, Pleion and Probus have just filed a request for authorization for their merger project which will bring the newly formed independent group to nearly 4 billion francs in assets under management and 200 employees worldwide, including 60 in Switzerland. Patrick Héritier, currently CEO of Pleion, will take over the management of the new management entity in Switzerland, subject to the authorization of Finma.

When the two founders and main shareholders of Pleion and Probus first met in 2018, it was a simple discussion around a tactical opportunity in Monaco. But Antoine Darioli (Pleion) and Georges de Preux (Probus) immediately discovered common values ​​and the same intuition concerning the exceptional complementarity between their companies and the potential common future.

Each drawing on four decades of experience in wealth management (creation in 1980 for Pleion, 1984 for Probus), the two companies have built real poles of complementary skills. Very close proximity to its clients based in Switzerland for Pleion thanks to its six Swiss offices, strong expertise in certain asset classes, IT infrastructure and in-house development of proprietary applications. For its part, Probus has developed internationally with, in addition to its headquarters in Geneva, entities in Dubai, Moscow and Bangkok, proven expertise in emerging markets, fund management and private structuring (trusts, estate planning). . Between excellence (Pleion in Greek) and integrity (Probus in Latin), the customers of the new Group will benefit from the first hour of a range of proven, efficient and broad-spectrum investment solutions.

To carry this vision, the historical holding company of the Probus group will become the umbrella company of the two groups and will bring together the entities at the global level, including in Switzerland the management company Pleion SA (called to absorb Probus Compagnie SA subject to Finma authorization). , the consultancy firm Probus Advisory SA and the company Probus Trustees SA It will have four main groups of shareholders; the family of Georges de Preux and Bernard Bonvin, from Probus, and Antoine Darioli and Patrick Héritier, from Pleion, and will be administered by a college represented by them and whose essential function will be to supervise the orientations and development of the future group in Switzerland and abroad.

 

 

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Geneva-based wealth managers Pleion and Probus have agreed to merge in a deal that will see CHF4bn ($4.4bn) of combined assets. They have filed a request for authorization to proceed with their merger.

The newly formed business will have operations in Thailand, UAE, Luxembourg, Mauritius, Monaco, and Russia. The combined entity, to be run by Pleion boss Patrick Héritier, will employ more than 200 people worldwide, including 60 based across Switzerland, they said in a press release.

The Geneva-based firms said the idea for the union was struck in 2018 when Pleion founder Antoine Darioli and Probus founder Georges de Preux first met in Monaco for a tactical discussion about business similarities and future vision.

The two are roughly the same age: Pleion was founded in 1980 and belongs to Antoine Darioli and Héritier. Probus is just four years younger and was founded by George de Preux and Bernard Bonvin.

Pleion focuses on certain asset classes, an IT infrastructure, and the in-house development of proprietary applications. Probus specializes in emerging markets, fund management, and private structuring.

The new entity - which will carry the Pleion name - will have four shareholders: Georges de Preux and Bernard Bonvin, from Probus, and Antoine Darioli and Héritier from Pleion.

 

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In further consolidation of the independent Swiss wealth market, wealth managers Pleion and Probus are merging.

Two well-matched Swiss independents Pleion and Probus have agreed to merge. The combined business will manage around SFr4 billion ($4.4 billion) in assets and employ roughly 200 staff worldwide, including 60 based across Switzerland. Pleion CEO and Julius Baer veteran Patrick Héritier will manage the new business in Switzerland subject to Finma approval, the parties announced on Tuesday.

The Geneva-based firms said the idea for the union was struck in 2018 when Pleion founder Antoine Darioli and Probus founder Georges de Preux first met in Monaco for a tactical discussion about business similarities and future vision.

There has been a raft of merger activity in the Swiss independent asset management space as firms look for scale and chemistry.

Pleion was founded in 1980 and Probus a few years later in 1984. Pleion has a strong Swiss client base, served through offices in Geneva, Bern, Nyon, Sion, Verbier and Zurich, and is expected to bring certain asset class expertise and strong IT infrastructure, including several proprietary applications.

Probus has a strong international presence. Besides a main office in Geneva, the firm is represented in Dubai, Moscow and Bangkok and is expected to add emerging markets, fund management and private structuring and estate planning expertise.

The new business will operate under the Pleion name and answer to four main shareholders: Georges de Preux and Bernard Bonvin from Probus, and Antoine Darioli and Patrick Héritier, from Pleion. Héritier joined the business in 2017 and has made no secret of expansion ambitions. The firm mainly serves UHNW and institutional clients in Switzerland and Monaco.

The parties said that joining forces would be done on “an equal basis and give the new group the best possible chance of success in an increasingly regulated environment.”

 

Read the original version : https://www.wealthbriefing.com

Geneva-based wealth managers Pleion and Probus have agreed to merge in a deal that will see CHF4bn ($4.4bn) of combined assets and around 200 staff worldwide, including 60 in Switzerland. 

Pleion CEO Patrick Héritier will head the management of the new entity in Switzerland, subject to approval by FINMA.

Set up in 1980, Pleion focuses on certain asset classes, an IT infrastructure and in-house development of proprietary applications, with offices in Geneva, Bern, Nyon, Sion, Verbier and Zurich.

Founded in 1984, Probus specialises in emerging markets, fund management and private structuring, with a presence in Dubai, Moscow and Bangkok in addition to its headquarters in Geneva.

The Geneva-based firms said on Tuesday (31 August) the idea for the union was struck in 2018 when Pleion founder Antoine Darioli and Probus founder Georges de Preux first met in Monaco for a tactical discussion about business similarities and future vision.

The new business will operate under the Pleion name with four main shareholders: Georges de Preux and Bernard Bonvin from Probus, and Antoine Darioli and Patrick Héritier, from Pleion.

The two firms said the merger would be conducted on "an equal basis and give the new group the best possible chance of success in an increasingly regulated environment."

 

Read the original version : https://www.internationalinvestment.net

Geneva-based wealth managers Pleion and Probus have filed a request for authorisation to proceed with their merger.

The transaction is subject to the approval of FINMA and other competent regulators.

Pleion CEO Patrick Héritier will head the management of the new entity in Switzerland.

Established in 1980, Pleion focuses on certain asset classes, an IT infrastructure and in-house development of proprietary applications.

The firm operates six offices in Switzerland.

Founded in 1984, Probus specialises in emerging markets, fund management and private structuring.

It has entities in Dubai, Moscow and Bangkok in addition to its headquarters in Geneva.

The new group’s clients will benefit from a spectrum of investment solutions from the outset, the companies said in a joint statement.

 

The new entity

The combined entity will have CHF4bn of assets under management and 200 employees globally, including 60 in Switzerland.

It will have six offices in Switzerland in Geneva, Bern, Nyon, Sion, Verbier and Zurich and international presence in Dubai, Bangkok, Mauritius, Luxembourg, Monaco and Moscow through group entities.

As part of the transaction, Probus will become the umbrella company of the two groups and will bring together the entities at a global level.

These include the merger of Pleion’s Swiss wealth management arm, which will absorb Probus Compagnie, the consulting company Probus Advisory and Probus Trustees.

 

Find the original article on : https://www.privatebankerinternational.com/

Patrick Héritier, currently CEO of Pleion, will take over the management of the new wealth management entity.

Sharing the same values ​​and perfectly complementary, Pleion and Probus have just filed a request for authorization for their merger project which will bring the newly formed independent group to nearly 4 billion francs in assets under management and 200 employees worldwide, including 60 in Switzerland. Patrick Héritier, currently CEO of Pleion, will take over the management of the new management entity in Switzerland, subject to the authorization of Finma.

When the two founders and main shareholders of Pleion and Probus first met in 2018, it was a simple discussion around a tactical opportunity in Monaco. But Antoine Darioli (Pleion) and Georges de Preux (Probus) immediately discovered common values ​​and the same intuition concerning the exceptional complementarity between their companies and the potential common future.

Each drawing on four decades of wealth management experience (creation in 1980 for Pleion, 1984 for Probus), the two companies have built real poles of complementary skills. Very close proximity to its clients based in Switzerland for Pleion thanks to its six Swiss offices, strong expertise in certain asset classes, IT infrastructure and in-house development of proprietary applications. For its part, Probus has developed internationally with, in addition to its headquarters in Geneva, entities in Dubai, Moscow and Bangkok, proven expertise in emerging markets, fund management and private structuring (trusts, estate planning). . Between excellence (Pleion in Greek) and integrity (Probus in Latin), the customers of the new Group will benefit from the first hour of a range of proven, efficient and broad-spectrum investment solutions.

To carry this vision, the historical holding company of the Probus group will become the umbrella company of the two groups and will bring together the entities at the global level, including in Switzerland the management company Pleion SA (called to absorb Probus Compagnie SA subject to Finma authorization). , the consultancy firm Probus Advisory SA and the company Probus Trustees SA It will have four main groups of shareholders; the family of Georges de Preux and Bernard Bonvin, from Probus, and Antoine Darioli and Patrick Héritier, from Pleion, and will be administered by a college represented by them and whose essential function will be to oversee the orientations and development of the future group in Switzerland and abroad.

 

Find the original article on : https://www.archyde.com/pleion-and-probus-announce-their-merger/

Newly formed business will have operations in Thailand, UAE, Luxembourg, Mauritius, Monaco and Russia

 

Pleion Wealth Partners and Probus Group have combined to form an independent business with CHF4bn (£3.18bn, $4.38bn, €3.7bn) of assets under management and 200 employees worldwide.

 

Patrick Héritier, currently chief executive of Pleion, will take over the management of the newly established firm in Switzerland, subject to regulatory approval.

All group companies will be brought together under the current Swiss holding company Probus Holding, while the wealth management company Probus Compagnie will be merged into Pleion.

The business will have six offices in Switzerland in Geneva, Bern, Nyon, Sion, Verbier and Zurich, as well as an extensive international presence in Bangkok, Dubai, Luxembourg, Mauritius, Monaco and Moscow through group entities.

It will have four main shareholders; Georges de Preux and Bernard Bonvin, from Probus, and Antoine Darioli and Héritier from Pleion.

The transaction remains subject to the approval of Swiss Financial Market Supervisory Authority (Finma) and regulators.

 

Find the original article on : https://international-adviser.com/swiss-wealth-managers-merge/

Two independent Swiss wealth managers are joining up to form a $4.4 billion entity. The death of one of its main shareholders amidst the deal isn't changing their plans.

Pleion and Probus, two Geneva-based wealth managers, are merging pending regulatory approval, they said in a joint statement on Tuesday. The combined entity, to be run by Pleion boss Patrick Héritier, will manage 4 billion Swiss francs ($4.4 billion) in assets and employ more than 200 people, they said.

The move, in which no money changes hands but the current owners take ownership stakes in the merged entity, is the culmination of three years of talks which began over a joint effort in Monaco. The two are roughly the same age: Pleion was founded in 1980 and belongs to Antoine Darioli and Héritier.

 

Merger Of Equals

Probus is just four years younger and was founded by George de Preux and Bernard Bonvin. De Preux, who founded Probus in 1984 after a 15-year career at Swiss Bank Corp. including Geneva, Basel, and London, died recently, after the two wealth managers had reached the deal.

The new entity – which will carry the Pleion name – will have four shareholders: Darioli, Héritier, de Preux's family, and Bonvin. «This joining forces on an equal basis will give the new group the best possible chance of success, in an increasingly regulated environment,» they said.

 

Brisk Expansion Clip

Specifically, they will combine their holdings under Probus' group holding company. In Swiss wealth management, Pleion will absorb Probus Compagnie – pending Swiss regulator Finma's approval. The combined group will have six Swiss offices – Geneva, Bern, Nyon, Sion, Verbier, and Zurich – with international presences in Bangkok, Dubai, Luxembourg, Mauritius, Monaco, and Moscow.

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