Bär & Karrer and Kellerhals Carrard on Gonet merger

Bär & Karrer advised Gonet & Cie, a Swiss private bank founded in Geneva in 1845 (“Gonet”), and One Swiss Bank SA, a Swiss private bank with offices in Geneva, Lugano and Zurich and a subsidiary in Dubai (One) in the acquisition of a majority stake in One, advised by Kellerhals Carrard and the subsequent merger of the two banks under the brand “Gonet”.

The merger, subject to regulatory approvals is going to be effective in the second quarter of 2025 and will create a leading player in wealth and asset management in the Swiss financial market. The merger will also expand the banks’ offering of products and services and accelerate the development of their business in Switzerland and internationally, allowing the group under the majority ownership of Arab Bank (Switzerland) to have assets under management approaching CHF 20 billion.

Bär & Karrer’s team

Bär & Karrer acted as legal advisor to Gonet & Cie and Arab Bank Switzerland Group with a team led by partner Martin Anderson (pictured-left) and including associate Teymour Bakhtiar (both M&A and Banking), associate Milena Ferro-Luzzi, associate Fanny Cattaneo and avocat stagiaire Thao Dang (all M&A) and partner Christoph Suter and associate Alice Johnson (both Tax).

The Kellerhals Carrard team

Kellerhals Carrard acted with an M&A team led by partner Frédéric Rochat (pictured- right) and counsel Anne-Gabrielle Piaget.