Banca Privata Edmond de Rothschild Lugano, a subsidiary of Banque Privée
Edmond de Rothschild, has acquired Sella Bank. Sella has 15 staff and offices
in Lugano and Geneva.

A statement about the acquisition said that it “enables Banca Privata
Edmond de Rothschild Lugano to pursue its growth strategy without altering its
approach to the private banking business”.

The takeover was conducted with the assistance
of KPMG and was approved by FINMA. The Edmond de Rothschild Group is an
independent, family-controlled private banking and asset management group with
over SFr150 billion (around $160 billion) of assets under management and 2,900
employees.