Swiss family sell private bank
Family-controlled Banque Morval is being sold to Intesa Sanpaolo, one of Italy’s biggest banks, for an undisclosed sum. Based in Geneva, Morval is owned by the Zanon di Valgiurata family, who bought shares in a Milan-based bank called Banca Vonwiller back in 1954 and eventually turned it into Morval, subsequently becoming its outright owners and basing the bank in Switzerland. The family will remain minority shareholders after the sale to Intesa.
Family office deals
G2 Esports, a fast growing esports group based in Berlin, has received an investment from an investor group that includes a family office and FC Barcelona midfielder André Gomes. Everblue Management, a family office established by Eric Mindich, one of the world’s most successful hedge fund managers, has invested an undisclosed amount in G2 Esports, according to a statement from the company. Other investors include US venture capital group MACRO Ventures, and Marc Lemann, founder of Go4It, a Brazilian-based sports investment firm and media agency.
New family office planned
Sibylle Peter is leaving Swiss wealth group Aquila & Co, to set up a family office, according to a report from finews.com. Peter told the news service that she will set up a family office for a Swiss family in December. The family office, to be based in Zurich, will eventually be open to third parties, said the report.