Bär & Karrer advised UBS in this transaction, while Baker McKenzie advised Vontobel.
UBS has signed an agreement to sell UBS Swiss Financial Advisers AG (UBS SFA) to Vontobel.
With this acquisition, Vontobel will further strengthen its platform providing clients with a global investment approach and geographic diversification. Vontobel, through Vontobel Swiss Wealth Advisors (VSWA), is one of the leading Swiss-domiciled providers of wealth management investment solutions for US and qualified Canadian investors.
Vontobel will combine SFA and VSWA, its existing business serving North American Wealth Management clients. Preparations for this will start after the closing of the transaction, which is expected for the third quarter of 2022.
UBS SFA is a Swiss-based SEC-registered investment advisor and FINMA-licensed securities firm for US clients seeking an account in Switzerland for diversification purposes with approximately CHF 7.2 billion assets under management. Closing of the transaction, which is subject to regulatory approvals, is expected to occur in Q3 of 2022.
Following the transaction, UBS will continue to refer its clients to SFA, an SEC-registered investment advisor and FINMA-licensed securities firm, which offers US clients tailored investment solutions in a Swiss-based environment.
The Bär & Karrer team included Urs Kägi (Picture), Linus Zweifel, Matthias Tanner, Rebecca Schori, Stefanie Walch and Nadina Duss (all M&A/Corporate), Peter Hsu (Banking/Regulatory), Pascal Hachem and Martina Athanas (both Banking/Cross-border Proceedings), Mani Reinert (Competition), Susanne Schreiber and Hanna Brozzo (both Tax), Ruth Bloch-Riemer (Pensions) as well as Laura Widmer (Employment).
The Baker McKenzie Switzerland team was led by partners Alexander Fischer and Marnin Michaels, and it included partners Alexander Blaeser, Peter Reinert and Gregory Walsh, senior associates Philippine Dalla Corte, Susanne Liebel-Kotz, Yves Mauchle and Roger Thomi, associates Bruna Barbosa, Sarah Poncini and Lisa Weinert as well as trainee lawyers Kristina Martinovic and Raphael Schneuwly. Partners Kristin E. Rice-Gonzalez and Karl P. Egbert, along with senior counsel Mark D. Fitterman, took the lead on the US regulatory side. Their team included partners George M. Clarke and Teisha C. Johnson as well as associate Rebecca Matey.
Involved fees earner: Bruna Barbosa – Baker McKenzie; Alexander Blaeser – Baker McKenzie; George Clarke – Baker McKenzie; Philippine Dalla Corte – Baker McKenzie; Karl Paulson Egbert – Baker McKenzie; Alexander Fischer – Baker McKenzie; Mark Fitterman – Baker McKenzie; Teisha Johnson – Baker McKenzie; Susanne Liebel-Kotz – Baker McKenzie; Rebecca Matey – Baker McKenzie; Yves Mauchle – Baker McKenzie; Marnin Michaels – Baker McKenzie; Sarah Poncini – Baker McKenzie; Peter Reinert – Baker McKenzie; Kristin Rice-Gonzalez – Baker McKenzie; Roger Thomi – Baker McKenzie; Gregory Walsh – Baker McKenzie; Lisa Weinert – Baker McKenzie; Martina Athanas – Bär & Karrer; Ruth Bloch-Riemer – Bär & Karrer; Hanna Brozzo – Bär & Karrer; Nadina Duss – Bär & Karrer; Pascal Hachem – Bär & Karrer; Peter Hsu – Bär & Karrer; Urs Kägi – Bär & Karrer; Mani Reinert – Bär & Karrer; Rebecca Schori – Bär & Karrer; Susanne Schreiber – Bär & Karrer; Matthias Tanner – Bär & Karrer; Stefanie Walch – Bär & Karrer; Laura Widmer – Bär & Karrer; Linus Zweifel – Bär & Karrer;