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As of 1 January 2021, the acquisition of the client business of the Luxembourg-based Private Bank Öhman Bank S.A. by VP Bank (Luxembourg) SA was completed. The acquisition was announced on 8 July 2020. This transaction in the form of an asset deal was successfully completed as planned on 1 January 2021. It included the takeover of employees and the migration of client assets.
Öhman Bank S.A. was founded in 2006 as the international private banking division of the Stockholm-based Swedish financial group Öhman. Öhman Bank S.A.'s existing private banking clients, the majority of whom are Scandinavian entrepreneurs and investors, will benefit from the strengths of the international VP Bank Group as well as the further development of products and services geared to the...
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