Valartis Group
| Valartis Group AG
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|---|---|
 |
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| legal form | Corporation |
| ISIN | CH0367427686 |
| founding | 1988 |
| Seat | Baar , Switzerland |
| management | Gustav Stenbolt ( CEO ) Urs Maurer-Lambrou ( Chairman of the Board of Directors ) |
| Number of employees | around 300 (August 2013) |
| Branch | Banks |
| Website | www.valartisgroup.ch |
The Valartis Group is an internationally active banking and finance group with private banks in Switzerland, Austria and the Principality of Liechtenstein, listed on the Swiss stock exchange. With around 300 employees, the Valartis Group manages assets worth around eight billion Swiss francs. In addition to the banking locations in Zurich , Geneva , Lugano , Vienna and Liechtenstein , the Valartis Group was also represented in Luxembourg , Moscow and Singapore .
The parent company of the Valartis Group, Valartis Group AG , is a stock corporation under Swiss law, whose registered office is in Baar in the canton of Zug , Switzerland . The bearer shares of Valartis Group AG (ISIN CH0001840450) are listed on the SIX Swiss Exchange . The largest shareholder in Valartis Group AG is MCG Holding SA in Baar, which holds around 50% of the capital and voting rights. As a Swiss private banking group, Valartis is subject to the consolidated supervision of the Swiss Financial Market Authority (FINMA) .
Customers and Markets
In addition to the home markets of Switzerland, Austria, Liechtenstein and the respective neighboring countries, the target markets include the regions of Central and Eastern Europe / CIS, the Middle East, parts of North and South America and individual countries in Asia. In order to enable efficient and effective processing of these markets, the three Valartis banks - for historical and regulatory reasons - set different priorities in the definition of the actively traveled core markets as well as the passively managed opportunity markets.
Products and Services
The portfolio managers of the Valartis Group make investments according to a “core / satellite” investment approach , which is implemented in the context of an open architecture with “best in class” financial products from third-party providers and specialized in-house investment instruments. This value-based investment approach should enable a risk-adjusted investment along index-based core investments in traditional as well as alternative asset classes while at the same time taking advantage of selective investment opportunities with high potential returns.
The Valartis Group's “Private Banking Plus” range of services is complemented by specific structured finance solutions for international companies and cross-border investment structures in the areas of international taxation, accounting and the regulatory environment.
organization
In operational terms, the Valartis Group's “Private Banking Plus” activities are structured according to the two main customer groups, private clients and institutional clients. Activities downstream are assigned to the Corporate Center. While the “Private Clients” business segment comprises the private banking business of the three Valartis banks in Switzerland, Austria and the Principality of Liechtenstein, the “Institutional Clients” business segment bundles our “Plus” activities in the complementary disciplines of Asset Management and Corporate and structured finance.
history
Today's Valartis Group was created at the end of 2005 from the merger of the OZ Group with the operative MC Trustco companies of MCG Holding AG , Baar ZG, and has been operating under the name “Valartis” since 2007 - which is made up of the words “valere” and “artis” »Means« the art of creating value ».
The OZ Group, which was renamed OZ Holding AG in 1994, has its origins in OZ Zürich Options und Futures Aktiengesellschaft , which was founded in 1988 and floated on the stock exchange in 1991 , whose subsidiary OZ Bankers AG has had a Swiss banking license since 1997 and operates as a derivatives house primarily in investment banking was.
MC Trusco , or MCT for short, emerged in 1996 as a joint venture between Gustav Stenbolt and MC Securities , a London investment bank founded in 1994. Her services in institutional asset management focused on Eastern Europe and the CIS countries.
Following the expansion of its private banking and asset management activities acquired the Valartis Group AG in September 2008 only in Valartis Bank (Austria) AG renamed Anglo Irish Bank (Austria) AG , based in Vienna, whose foundation dates back to 1890. In September 2009, the acquisition of Valartis Bank (Liechtenstein) AG followed , which was founded in 1998 as Hypo Investment Bank (Liechtenstein) AG and has a Liechtenstein full banking license.
At the same time, the private banking activities of Valartis Bank AG, Switzerland were gradually expanded at the Zurich and Geneva locations and additional private banking teams were acquired in Liechtenstein and Vienna. This expansion led Valartis to Asia in 2010 with a newly opened presence in Singapore, and to Lugano in Italian-speaking Switzerland in autumn 2012, where Valartis Bank AG, Switzerland opened its third bank branch.
Valartis Group employed around 300 people in Switzerland, Austria, the Principality of Liechtenstein, Luxembourg, Russia and Singapore. In 2014, Valartis Bank, the core of the group, was sold to Banque Cramer . In return, the Valartis Group received a 25% stake in Norinvest Holding , the listed parent company of Banque Cramer.
In November 2015, the Valartis Group asked the Cantonal Court of Zug to grant a debt restructuring moratorium due to payment difficulties caused by a “temporary liquidity bottleneck” . At the end of 2015, the Vienna branch was sold to the Wiener Privatbank.
Web links
Individual evidence
- ↑ Ermes Gallarotti: Loss of the Valartis Group. Forward into insignificance. In: Neue Zürcher Zeitung , April 28, 2015.
- ↑ Valartis Group AG, Baar, in provisional debt restructuring moratorium; A request for a definitive debt restructuring moratorium is submitted today. In: finanzen.at , November 16, 2015.
- ↑ Valartis sale to private bank fixed. The press of December 29, 2015.