Sale of Cité Gestion to EFG

On February 19, 2024, EFG International announced the acquisition of Cité Gestion, a Swiss private bank based in Geneva, from its founders and partners.

This acquisition will further strengthen EFG’s presence and capabilities in Switzerland. Cité Gestion is headquartered in Geneva with further offices in Lausanne, Lugano and Zurich and has around 130 employees.  Cité Gestion manages approximately CHF 7.5 billion of assets under management as of the end of 2024 and generated a net profit of around CHF 6 million in 2024. Its multi custody business focuses on serving UHNWIs domiciled in Switzerland, Western Europe, Latin America and the Middle East.

The closing of the transaction is expected in the second half of 2025 and is subject to customary regulatory approval.

Lenz & Staehelin advised the selling founders and partners as well as Cité Gestion on all legal aspects of the sale process. The team was led by Andreas Rötheli (Head Corporate and M&A) and included Pierrick Sunier, Vera Waldburger, Federico Trabaldo Togna and Noé Luisoni (all Corporate and M&A), Floran Ponce and Maximilien de Ridder (Tax) and Sara Rousselle-Ruffieux (Employment).