Geneva-based private bank Eric Sturdza has ventured into the family office space with the acquisition of local firm Lagane Family Office for an undisclosed amount.
Under the agreement, Lagane Family Office will merge with Coges Corraterie Gestion, an independent wealth manager within Eric Sturdza.
Coges Corraterie Gestion was set up in 1984 and taken over by Eric Sturdza in 2013.
The acquisition will establish the fourth business line of family office for Eric Sturdza. The firm also offers private banking, asset management and wealth management.
The combined group will operate as Coges Corraterie Gestion Wealth Management & Family Office and will retain its operational independence.
It will be led by Michaela Zanello Sturdza, Stéphane Gibert and Jean-Pierre Lagane.
Lagane will lead family office services for the group, while Stéphane Gibert will lead wealth management operations in Switzerland and other markets.
Michaela Zanello Sturdza will be in charge of harnessing synergies with the rest of the group.
“This merger is the next instalment in our group’s strategic development, through which we will offer tailored, personalised solutions that cover our clients’ needs more fully, as my own family can already attest. Through this merger, the Eric Sturdza Group is building up Coges Corraterie Gestion – a company we acquired in 2013 – into a mainstay in Switzerland’s independent wealth management sector,” Eric Sturdza stated.
Eric Sturdza employs 150 staff across offices in Geneva, Luxembourg, London and Guernsey. The firm manages more than CHF10bn in assets.