The Private Equity Holding AG board of directors today announced its intention to transfer the management of Private Equity Holding AG to Swiss Life Private Equity Partners Ltd, a Swiss Life/Rentenanstalt subsidiary. The contract with the existing managers, Bank Vontobel, has been cancelled with immediate effect.
The Board of Directors of Private Equity Holding AG expressed his decision as follows: "After an extensive evaluation, the Board of Directors has selected Swiss Life Private Equity Partners Ltd, a subsidiary of Swiss Life, as the new manager and advisor of Private Equity Holding AG. Swiss Life with its broad financial service offering, its global orientation and financial strength is seen as the ideal partner for Private Equity Holding AG. The affiliation with Swiss Life opens up significant opportunities for future growth. With the chosen solution, the continuity of the management is secured. Private Equity Holding AG will remain quoted on the SWX Swiss Stock Exchange."
Together with its new partner, Private Equity Holding AG will work with the Vontobel Group to ensure the planned transition and new direction.
We are delighted that we can take on this important new mandate representing CHF 2.7 billion in assets under management.
Finance and Risk Management
The Board of Directors of Private Equity Holding AG expressed his decision as follows: "After an extensive evaluation, the Board of Directors has selected Swiss Life Private Equity Partners Ltd, a subsidiary of Swiss Life, as the new manager and advisor of Private Equity Holding AG. Swiss Life with its broad financial service offering, its global orientation and financial strength is seen as the ideal partner for Private Equity Holding AG. The affiliation with Swiss Life opens up significant opportunities for future growth. With the chosen solution, the continuity of the management is secured. Private Equity Holding AG will remain quoted on the SWX Swiss Stock Exchange."
Together with its new partner, Private Equity Holding AG will work with the Vontobel Group to ensure the planned transition and new direction.
We are delighted that we can take on this important new mandate representing CHF 2.7 billion in assets under management.
Finance and Risk Management