Coutts

Management

Alex Classen (CEO) David Douglas-Home ( Chairman of the Board )

The Coutts & Co AG (2004-2007 Coutts Bank von Ernst AG, 2007-2011 RBS Coutts Bank ) based in Zurich is a specialized in asset management and Swiss bank subsidiary of the Royal Bank of Scotland (RBS ).

She went in 2004 from the merger, which was founded in 1869 Bank von Ernst & Cie AG and founded in 1930 and controlled by RBS Coutts & Co AG forth. The Coutts & Co AG employs 1,101 people and is mainly in the private banking and lending business. With consolidated total assets of 20.293 billion Swiss francs, of which attributable to the parent company 14.375 billion Swiss francs, it is the fourth largest foreign-owned banking group in Switzerland. It has branch offices in Bern, Geneva, Hong Kong and Singapore.

History

The Bank von Ernst was established in 1869 in Bern by Vincent Ernst and specialized in asset management for private clients. In 1993 they merged with the Economic and Private Bank, in which the German HypoVereinsbank has been involved since 1977. 1994 faltered HypoVereinsbank their participation in the Bank von Ernst & Cie. to 100 percent. In September 2004, HypoVereinsbank sold for around 500 million Swiss francs of its Swiss subsidiary of Coutts Bank ( Switzerland ) AG.

The Bank von Ernst is not to be confused with the same family in 1892, founded by Armand von Ernst Bank, which was acquired by Swiss Bank Corporation in 1976 and was sold in 2006 by UBS, along with their other private banks Julius Baer.

The commercial bank ( Industrial Bank of Nestle / Maggi ) was founded in 1930 in Zurich. In 1953, the Institute was renamed Commercial Bank and with the change of British Coutts NatWest changed in 1975 the name of the Swiss subsidiary in commercial bank northwest In 1997, the Bank acquired finally the Coutts brand and became the Coutts Bank ( Switzerland ) AG.

Since 1 November 2011, the Bank operates after a name change under its new name " Coutts & Co AG ".