Cornaro family takes near-full control of Cornèr Bank
What's the deal? The Cornaro family has acquired the 19.6% stake in Cornèr BankDealroom has a profile for this one. Try Dealroom → previously held by the Piotrkowski-Dollfus family, lifting its holding to roughly 99.7% of the Swiss private bank's share capital. The move gives the founding family full control.
What each side brings: Cornèr Bank is an independent Swiss private bank established in Lugano in July 1952 by Dr Vittorio Cornaro, and serves as the group's parent entity. The Cornaro family founded the bank and has now consolidated ownership after buying out its remaining minority partner.
The signal: Full family ownership cements Cornèr Bank's independence at a time when many smaller Swiss private banks face pressure to consolidate.
Read more: paminsight.com
Image credit: vasile23
