{"id":44022,"date":"2024-08-28T11:04:01","date_gmt":"2024-08-28T11:04:01","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=44022"},"modified":"2024-08-28T11:04:30","modified_gmt":"2024-08-28T11:04:30","slug":"bar-karrer-advises-societe-generale-on-sale-of-swiss-private-banking-unit-to-ubp","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/bar-karrer-advises-societe-generale-on-sale-of-swiss-private-banking-unit-to-ubp\/","title":{"rendered":"B\u00e4r &amp; Karrer Advises Soci\u00e9t\u00e9 G\u00e9n\u00e9rale on Sale of Swiss Private Banking Unit to UBP"},"content":{"rendered":"<p><strong>B\u00e4r &amp; Karrer is acting as Swiss legal counsel to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale in the proposed sale of its Swiss private banking unit Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Private Banking (Suisse) SA to Union Bancaire Priv\u00e9e (UBP).<\/strong><!--more--><\/p>\n<p>The transaction occurs in parallel to the proposed sale of SG Kleinwort Hambros in the UK, for a combined value of \u20ac900 million.<\/p>\n<p>As of the end of December 2023, the assets under management for the relevant British and Swiss private banking units totaled nearly \u20ac25 billion. The proposed sales are a key component of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#8217;s strategic plan to streamline its business model and strengthen its capital base, and is contingent upon regulatory approvals.<\/p>\n<p>The B\u00e4r &amp; Karrer team, led by C\u00e9dric Chapuis, acts alongside international counsel Norton Rose Fulbright and includes key contributions from Ronny Schmid (M&amp;A), Christoph Suter and Alice Johnson (both Tax).<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-44022","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/44022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=44022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}