BTG Pactual acquires 100% of FIS Privatbank S.A. in Luxembourg

SÃO PAULO, March 24, 2023 /PRNewswire/ — FIS Privatbank is a private bank that operates for about 30 years in Luxembourg, one of the main banking jurisdictions in Europe. Its expertise comprises the activities of wealth management, asset management and financing. Main clients are high net worth individuals, family offices and institutional investors. At the end of 2022, the bank managed about EUR 500 mm from more than 300 clients. The bank is controlled by Alexander Schütz, an Austrian investor and entrepreneur.

Roberto Sallouti, CEO of BTG Pactual, states: “The acquisition of FIS is a milestone for BTG Pactual’s strategy in Europe and a strategic investment decision. Operating a bank in Luxembourg will enable us to serve all our clients’ needs in the region, fostering the activities of our European offices in PortugalSpain (which is currently under regulatory approval), and the UK. We will offer a full suite of products and services to our European client base and to Latin Americans aiming to diversify their investment portfolios in developed countries. Being in Luxembourg will be a key element to bolster those activities, attract new clients and serve them with the same dedication that we do in our home markets.”

Exploring all market potential and building up a scalable banking platform will be key to better serve clients at the institution. Alexander Schütz comments: “BTG Pactual is the perfect fit for FIS Privatbank as it is fully aligned to our ambition. We are convinced that our clients will be in the position to improve their banking relationship with FIS Privatbank due to a broader offering of global products and services from an experienced global player like BTG Pactual.”

BTG Pactual, Alexander Schütz and FIS Privatbank are working with the regulators to achieve regulatory approval for closing the transaction in the next months.

BTG Pactual is the largest investment bank in Latin America and operates in the Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management markets. Since its creation in 1983, BTG Pactual has a meritocratic partnership culture, with a focus on its customers, excellence and a long-term vision. BTG Pactual currently employs more than 6.000 people in offices across BrazilChileArgentinaColombiaPeruMexicoUnited StatesPortugal and the UK. BTG Pactual manages more than USD 240.0 billion of Assets for clients worldwide, with an Equity of USD 8.0 billion, Total Assets of USD 86.0 billion and a market cap of USD14.1bn.

Alexander Schütz is an Austrian entrepreneur and investor. He cofounded CQ Investment Group in 1991, an asset management company currently managing EUR 8 billion and active in 21 countries, as well as Aethos Hotel Group in 2018. Furthermore, he holds his main participations at Slimbiotics GmbH, pioneering plant-based probiotic weight management, with offices in Vienna and San Francisco, Finclusion Group which provides financial solutions in Sub-Saharan Africa, cyan AG which provides cybersecurity to telecom in Latin AmericaAsia and Europe as well as several real estate projects.

FIS Privatbank is a fully licensed private bank in Luxembourg. With a CET1 equity ratio of about 35% and LCR of more than 160% FIS Privatbank is providing its clients a safe and stable banking partner for wealth management, asset management and financing. Its subsidiary Inter-Portfolio offers tailor-made solutions for the management of UCITS investment funds.

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.