Fibi Bank (Switzerland) to sell its banking relationships and clients' assets to CBH Compagnie Bancaire Helvétique
On December 19, 2016, Fibi Bank (Switzerland) Ltd (Fibi), a subsidiary of The First International Bank of Israel Ltd, and CBH Compagnie Bancaire Helvétique SA (CBH) entered into an agreement regarding the sale and transfer of Fibi's banking relationships and clients' assets to CBH. Completion of the transaction is subject to approval by the Swiss Financial Market Supervisory Authority FINMA.
Lenz & Staehelin is advising Fibi. The team includes partners Tino Gaberthüel (Corporate and M&A), Stefan Breitenstein (Banking and Regulatory) and Matthias Oertle (Employment and Pension) as well as associates Robin Hauser, Alex Wille, Thierry von Aarburg and Stephan Brandner.