Pestalozzi advises Royal Bank of Canada on the sale of its Swiss private banking operations with CHF 10 billion assets under management
In a share sale completed on 28 August 2015, Royal Bank of Canada, Canada’s biggest bank by assets and the world’s fifth-largest wealth manager at the end of 2014, sold its Swiss subsidiary Royal Bank of Canada (Suisse) SA to Swiss based Banque SYZ SA. Royal Bank of Canada (Suisse) SA has assets under management of about CHF 10 billion. Pestalozzi advised Royal Bank of Canada on all legal aspects of the transaction.