Swiss cantonal bank Graubündner Kantonalbank (GKB) has entered an agreement to acquire 30% of stakes in independent investment manager Twelve Capital Holding AG (Twelve Capital), a company that specialises in investments in the insurance sector.
Twelve Capital is based in Zurich, Switzerland, and will strengthen GKB’s position as an investment house.
The transaction is expected to close in the second quarter of this year.
A representative of GKB will serve as a member of the Board of Directors of Twelve Capital.
The participation in Twelve Capital and the contribution to the work of the Board of Directors is a new challenge and opportunity for GKB.
GKB CEO Daniel Fust commented: “We are proud to be able to take this step and thus strengthen our sound investment expertise and expand the range of investment solutions. We are pleased to be able to offer our customers new opportunities in this way.”
Urs Ramseier, Executive Chairman of Twelve Capital added: “The strategic investment brings stability to our shareholder base and together with GKB we can continue to pursue our growth objectives.”
