Swiss duo advise on wealth manager deal

Multi-family office Fleming Family & Partners (FF&P), which holds assets worth some £4bn, acquired wealth manager Gebhard, Corrodi & Partner (GCP), along with its SFr1bn (£733m) in managed assets.

The deal was carried out through FF&P Suisse. Both it and GCP are based in Zurich, with GCP’s seven employees joining FF&P in the Swiss city. GCP directors Urs Grebhard and Christoph Corrodi will become members of the FF&P board.

Bär & Karrer acted for FF&P on the deal, with Andreas Bär as the lead corporate partner assisted by corporate associate Debora Gabriel and tax partner Daniel Bader. All were working out of the firm’s Zurich office.

The Swiss firm, which has further offices in Geneva, Lugano and Zug, has acted for FP&P since it opened its Swiss securities subsidiary in 2001.

The relationship was ­bolstered in the past by Gianpaolo Arrigoni’s presence in ­London, which came to an end when the firm closed its office in the capital several years ago.

GCP was advised by Pestalozzi, another Swiss independent. The partners in charge were Maja Bauer-Balmelli and Franz ­Schubiger.

FF&P manages the Fleming family wealth as well as assets for other wealthy families. It was set up in the 1880s by Dundee merchant Robert Fleming, the grandfather of Ian Fleming, author of the James Bond series of books.