There were initial signs already last summer, and now it’s official: After PKB Private Bank took a majority stake in Belvoir Capital earlier this year, the next step follows suit: Belvoir Capital is merging with Alasia. The two wealth managers announced the transaction on Tuesday.

Alasia, a wealth management and business consulting firm, is part of the PKB Group and owned by the Trabaldo Togna family.

Attracting Talent

«The merger brings together complementary skills such as expertise in wealth management and client relations in core markets, enabling a better offering and optimized service delivery,» said Luca Venturini, CEO of PKB Private Bank, in an interview with finews.ch.

He believes that Belvoir Capital, now larger and more robust, will become an attractive employer for talent in independent wealth management and family office services.

The two companies see synergies, particularly in wealth management, asset and business consulting, and family office solutions.

«Belvoir Capital will become one of the leading players in the field of independent wealth management and multi-family offices in Switzerland. With the network, experience, and expertise of the Trabaldo Togna family in the wealth management industry, we provide even more comprehensive services to our clients and further enhance our offerings,» Steffen Bauke, CEO of Belvoir Capital, said.

Merger by Year-End

The merged company will operate independently under the name Belvoir Capital. Steffen Bauke will serve as CEO, while the current partners of Belvoir Capital will remain qualified shareholders.

The merger has been approved by the relevant regulatory authorities and is expected to take effect by the end of the year.

Minority Stake in Belvoir Wealth Management

The partnership also includes an indirect, strategic minority stake in Belvoir Wealth Management, a Swiss investment boutique based in Zurich, registered with the SEC, and specializing in providing investment solutions for U.S. persons. The stake will be held indirectly by PKB through Belvoir Capital.