23 June 2021

Merger between Banque Profil de Gestion SA and One Swiss Bank SA forming the new ONE swiss bank SA

BianchiSchwald acted as legal counsel for Banque Profil de Gestion SA in its purchase of One Swiss Bank SA, which closed on June 1, 2021, the subsequent merger between both banks and the change of its shareholder of reference. The assets under management of the merged bank, now renamed ONE swiss Bank SA (https://oneswissbank.com/wp-content/uploads/2021/06/BPDG_20210604_DecisionsAGE2021-1.pdf), amount to nearly CHF 5 billion right after closing.

BianchiSchwald assisted the bank throughout this complex transaction, in particular, with all contractual, corporate, regulatory, tax, employment and stock exchange law related matters.

BianchiSchwald team was led by Thomas Goossens (managing partner and head of the Banking & Finance practice) and Hélène Weidmann (partner in the Corporate – M&A practice), and also included Joseph Merhai and Sebastien Maury (both partners, respectively, head and member of the tax practice), Stéphanie Fuld (partner, head of the Labour Law practice), as well as Elodie Le Guen (managing associate, Labour Law practice), Alexandra Schuvalov (associate Banking & Finance), Federico Abrar (associate Tax) and Thierry Burnens (associate IP and Data protection).

We were proud to bring our contribution to the success of this promising transaction in these challenging times for the banking industry.