Baumann & Cie, Banquiers

Baumann & Cie, Banquiers, headquartered in Basel, is a Swiss private bank specializing in wealth management and investment advisory.[1]

Baumann & Cie, Banquiers
IndustryPrivate Banking, Financial Services
Founded1920 (1920)
HeadquartersSt. Jakobs-Strasse 46,
4002 Basel
,
Switzerland
Number of locations
3
Key people
Partners:
Matthias C.E. Preiswerk
Daniel O.A. Rüedi
ServicesWealth Management, Investment Advisory
Number of employees
About 60
WebsiteBaumann & Cie, Banquiers

Organization

Baumann & Cie, Banquiers is organized as a limited partnership, with three managing partners having personal, unlimited liability, and one limited partner.

While the focus lays on wealth management for private and institutional clients, the bank also advises in the areas of inheritance, retirement as well as succession planning, tax and accounting. Furthermore, Baumann & Cie is actively involved in startups and holds significant participations in several companies. As such, Baumann & Cie holds a majority of the shares of Basel-based Trafina Privatbank.[2]

Baumann & Cie, Banquiers employs roughly 60 people at offices in Basel, Zurich and Olten. The amount of assets under management has not officially been announced, nor is it publicly known. The realized profit in the year 2017 amounted to 17.5 million Swiss Francs with an equity capital of 124 million Swiss Francs. Over the past years, the bank has managed to generate an annual profit of more than 10 million Swiss Francs.[2]

History

The company was founded in Basel in the year 1920 as a private bank under the name of Ed. Greutert & Cie. In 1940, the bank was renamed to Sturzenegger & Cie, before changing its name to Baumann & Cie, Banquiers in 1984. In 2009, the Zurich branch opened, followed by the expansion to Olten in 2016.[3]

In 2015, the bank was fined 7.7 million dollars by the United States Justice Department for assisting American clients to evade taxes.[4] In 2016 the bank reported a profit of 13.3 million Swiss Francs, a drop of about 15% from the previous year.[5][6]

References
  1. "Info". www.six-interbank-clearing.com. Archived from the original on 2017-08-10. Retrieved 2017-08-10.
  2. "Basler Privatbank öffnet sich: Bank Baumann legt Zahlen vor | NZZ". Nzz.ch. 2016-01-19. Retrieved 2017-08-10.
  3. "Privatbank Baumann geht auf Expansionskurs". Finews.ch. Retrieved 2017-08-10.
  4. "Swiss banks fined for helping U.S. citizens evade taxes - Business - CBC News". Cbc.ca. 2015-12-15. Retrieved 2017-08-10.
  5. "Bank Baumann 2016 Profit Drops". Finews.com. 2017-01-23. Retrieved 2017-08-10.
  6. Stefan Schuppli (2017-01-23). "Unsicherheit schmälert den Gewinn der Baumann & Cie Banquiers - Basel Stadt - Basel - bz Basel". Bzbasel.ch. Retrieved 2017-08-10.
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