Rothschild buys Swiss advisory firm Tenalis
This acquisition strengthens Rothschild offerings in Switzerland, particularly in succession planning, taxation, and real estate consulting.
Tenalis specialises in inheritance law, focusing on succession planning, will execution, estate divisions, advance care directives, real estate, and taxation, exclusively serving Swiss clients.
Tenalis will function as an independent subsidiary of Rothschild & Co Bank, maintaining its brand and workforce.
Jacqueline Schwarz Mattes, the founder and former CEO, will continue as managing director. The existing management of Tenalis will remain unchanged.
Schwarz Mattes said: 'The Tenalis AG team is very much looking forward to the future collaboration with Rothschild & Co Bank and to supporting its clients.
'As an independent subsidiary, we will remain autonomous and to focus specifically on our areas of expertise, which we will continue to develop.'
Rothschild's Swiss wealth management division has been providing tailored pension solutions since 2022, and the integration of Tenalis' expertise is expected to enhance these capabilities.
Rothschild Switzerland wealth management business CEO Laurent Gagnebin said: 'This acquisition will enable us to provide even more comprehensive advice to our clients and better position us in this growth field.
'Comprehensive and early retirement and succession planning is an excellent fit with our investment approach, which is always geared towards the long term.'
In May this year, Rothschild & Co announced the expansion of its wealth management services in Luxembourg, aligning with its strategy to enhance private banking offerings across Europe.
"Rothschild buys Swiss advisory firm Tenalis" was originally created and published by Private Banker International, a GlobalData owned brand.
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