Vontobel has completed the acquisition of IHAG Privatbank’s client book for an undisclosed amount.

The acquisition, which was first announced in September 2024, aims to strengthen Vontobel’s presence in the DACH region.

IHAG Privatbank’s clients have been integrated in Vontobel’s Private Clients segment.

Vontobel said these clients would benefit from its “extensive global investment expertise, professional advice, and digital capabilities”.

The firm added that the transaction has had a positive impact on its group net profit from day one, and was financed out of Vontobel’s existing capital.

Further details of the acquisition are subject to confidentiality agreements and will not be disclosed.

IHAG Privatbank managed more than £2.6bn of client assets prior to the acquisition.

Commenting when the deal was first announced, Vontobel co-CEOs, Christel Rendu de Lint and Georg Schubiger, said: “We are very much looking forward to working with our new clients from IHAG Privatbank.

“They will benefit from Vontobel’s broad investment expertise, dedicated client servicing and digital capabilities.

“Acquiring IHAG Privatbank’s client portfolio further strengthens our position across the DACH region.”

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