Bank La Roche & Co
| Bank La Roche & Co AG | |
|---|---|
|
|
| Country |
 Switzerland
|
| Seat | Basel |
| legal form | Stock company ( private bank ) |
| IID | 8769 |
| founding | October 15, 1787 |
| Website | www.lrc.ch |
| Business data | |
| Employee | 115 (2013) |
Bank La Roche & Co AG is a Swiss private bank specializing in investment advice and asset management . The bank was founded in 1787 by Benedikt La Roche in Basel and is organized as a stock corporation .
Bank La Roche & Co AG specializes in asset management for private and institutional clients. In addition to its headquarters in Basel, Bank La Roche & Co AG is represented by subsidiaries in Bern and Olten and a representative office in Zurich.
history
The “date of birth” is October 15, 1787. At that time, Benedikt La Roche (1762–1807) founded a trading and shipping company, thereby laying the foundation for Basel's oldest bank and a long and traditional company history. Thanks to its convenient location in the heart of Europe, “La Roche Action” was also internationally successful at an early stage and consistently expanded its connections at home and abroad. The company has retained its corresponding cosmopolitanism and flair for business relationships to this day. Benedikt La Roche's successor has led the company through ups and downs to the present day.
Difficult times had to be overcome shortly after the company was founded. The Basel trading houses were also affected by Napoleon's trade restrictions against England. The fall of the emperor in 1815 led to an improvement in the economic framework in Europe, and with the growing need for capital in industry, the banking division of the La Roche company also gained in importance: the former "dealership" became more and more a pure banking institution. The years between the Franco-German War (1870/71) and the First World War (1914–1918) were characterized by an interplay of economic highs and lows, during which numerous banks also disappeared. During this time, the La Roche bank consolidated its existence and independence with a cautious business policy. The pioneering spirit of the house was retained, be it with the founding of its own shipping company on the Upper Rhine (1840), the co-financing of the "Spanish-Brötli-Bahn" in the 1850s or the operation of a brewery in southern France (1881) .
The house survived the two world wars largely unscathed, although of course La Roche customers were not spared losses during the economic depression of the interwar years. After the Second World War, the arrival of a new (the sixth) generation of shareholders heralded the beginning of the post-war period and a further economic upswing. Bank La Roche continuously expanded the company. At the beginning of the 20th century there were still a handful of people employed by the bank, today more than a hundred work at the headquarters in Basel and at the branches in Olten and Bern. In the technological area, too, La Roche & Co AG has taken the step into the new millennium with active participation in the Swiss electronic stock exchange and the sustained modernization of the company's own IT.
As early as the 1970s and 1980s, the company made the transition from a universal bank to private banking. Investment advice, asset management and the care of institutional clients have since been the core business of Bank La Roche & Co AG, and in this area the bank is now in the eighth generation of the family - and despite the past turbulent years in the financial and economic sector - successfully. Behind the historical facade of the company's headquarters in the “Rotberger Hof” and the “Zur Hohen Sonne” house on Rittergasse near Basel Minster, the long experience of the 225-year-old family company ensures a “balanced relationship between tradition and progress”.
On February 13, 2015 it was announced that the bank would be taken over by Notenstein Privatbank , which will then be called Notenstein La Roche Privatbank .
In May 2018, Notenstein La Roche Privatbank AG was sold by its beneficiary (Raiffeisen) to a private Swiss bank Vontobel (Fontobel). The merger was completed in October 2018. As a result of the integration, Notenstein La Roche Privatbank AG was excluded from the Swiss commercial register. In accordance with an announcement by the Swiss Commercial Office dated June 10, 2018, the assets (including the shares in Leonteq AG) and liabilities (debt) of Notenstein La Roche Privatbank AG were transferred to Bank Vontobel AG.
Web links
- Official website of Bank La Roche & Co AG
- Thomas Schibler: La Roche. In: Historical Lexicon of Switzerland .
- Publications from Bank La Roche & Co AG
swell
- For the story, cf. Brochure "Trust as the basis of success"
literature
- Roger Thiriet / Niklaus Freundlieb (editor / editor), the past as an obligation for the future: the history of La Roche & Co Banquiers. Basel 2008.
Individual evidence
- ↑ Entry in the bank master data of Swiss Interbank Clearing
Coordinates: 47 ° 33 '19.1 " N , 7 ° 35' 37.1" E ; CH1903: 611,667 / two hundred sixty-seven thousand one hundred and eighty-eight