REYL’s growing range of international banking activities will also provide a further boost to its decade-long presence in the Lugano region.
Next year will mark a decade of REYL Group has had a physical presence in Lugano, in the south of Switzerland. Located in the Canton of Ticino, the office provides the full range of the Group’s services to a local and international client base of private individuals and financial institutions, with a particular focus on wealth management services.
The Lugano office is also expected to continue its growth trajectory, benefiting in part from the recently announced strategic partnership with Fideuram – ISP PB, the private bank division of leading Italian banking group Intesa Sanpaolo.
As part of this agreement, the existing private banking assets of Fideuram – ISP PB will be merged into REYL, creating a sizeable international private banking group with close to 400 employees and total assets under management over CHF 25 billion.
International Presence
In addition to expanding the existing Swiss offices in Lugano and Zurich, and REYL’s headquarters in Geneva, the combined bank will also be physically present across the EU, Latin America, the Middle East and the Far East.
REYL’s global presence means it is already well-positioned to provide its clients with recognized investment and asset management expertise alongside the advantages offered by Switzerland in terms of stability and reliability.
The partnership also enables Fideuram – ISP PB to solidify its leading role in the ongoing consolidation of the Swiss financial sector, as well as confirming the choice of Switzerland as the headquarters of its international private banking activities.
REYL’s Growth Trajectory
REYL will continue to drive its successful 360˚ organic growth strategy, centered on delivering innovative solutions to its clients transversally across its five business lines: Wealth Management, Entrepreneur & Family Office Services, Corporate Advisory & Structuring, Asset Services and Asset Management.
In recent years REYL has launched a series of innovations, placing it firmly at the forefront of an evolving industry. 2019 saw the launch of asset management affiliate, Asteria Investment Managers, which is exclusively dedicated to social and environmental impact investing.
Last year, the bank announced its successful incubation and funding of Alpian, a digital platform serving the mass affluent client segment.
Regulatory Changes
The asset management landscape has been challenging against the backdrop of a global pandemic and evolving regulatory requirements. Earlier this year, the FSFin and LEFin laws came into force, with more stringent requirements for financial services providers in Switzerland.
To meet these changes head-on, REYL was a founding partner of Wecan Comply, a private Swiss blockchain initiative aimed at improving compliance management.
The platform aims to simplify daily interactions between banks and asset managers by reducing the workload associated with all compliance processes. Established in close cooperation with a dozen Swiss banking institutions and fifty independent managers, the solution enables cost savings estimated at up to 60 percent for both parties in the management of compliance.
Driving Change
In line with its clients, REYL has also been a strong supporter of philanthropy for many years which was marked most prominently by the formation of Research for Life in 2014, a Swiss non-profit dedicated to supporting ground-breaking projects in adults and pediatric oncology.
The group also announced last year that it would be supporting the International Union for Conservation of Nature (IUCN) «Save Our Species» program to provide essential support in protecting endangered species and plants.
