Zürcher Kantonalbank has acquired Complementa AG, enhancing its custody services and investment reporting capabilities to better serve institutional clients.
Information on the Target
On July 26, 2024, Zürcher Kantonalbank acquired Complementa AG, a St. Gallen-based company specializing in investment reporting services. This acquisition enhances Zürcher Kantonalbank's expertise within the custody sector, where it intends to make further investments to strengthen its service offerings primarily aimed at institutional clients.
Through this acquisition, Zürcher Kantonalbank is set to fortify its Custody Services business. The Custody Services division encompasses secure global asset storage, efficient administration, and independent investment reporting, a service that has been provided in collaboration with Complementa AG since 2006.
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Industry Overview in Switzerland
The Swiss custody services market has experienced significant growth, driven by the increasing demand for sophisticated investment reporting, especially among institutional investors and famil
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