Bär & Karrer Advises Gonet & Cie and the Arab Bank Switzerland Group on the Acquisition of a Majority Stake in ONE Swiss Bank and the Subsequent Merger of the Two Banks

Gonet & Cie SA, a Swiss private bank founded in Geneva in 1845 ("Gonet"), and ONE swiss bank SA, a Swiss private bank with offices in Geneva, Lugano and Zurich and a subsidiary in Dubai ("One"), have announced the signature of an agreement for the acquisition of a majority stake in One and the subsequent merger of the two banks under the brand "Gonet" in the second quarter of 2025, subject to regulatory approvals, in order to create a leading player in wealth and asset management in the Swiss financial market. This merger will expand the banks' offering of products and services and accelerate the development of their business in Switzerland and internationally, allowing the group under the majority ownership of Arab Bank (Switzerland) Ltd. to have assets under management approaching CHF 20 billion.

Bär & Karrer acts as legal advisor to Gonet & Cie SA and Arab Bank Switzerland Group in this project. The team is led by Martin Anderson and includes Teymour Bakhtiar (both M&A and Banking), Milena Ferro-Luzzi, Fanny Cattaneo and Thao Dang (all M&A) and Christoph Suter and Alice Johnson (both Tax).