Notenstein Privatbank
Management
Pierin Vincent ( Chairman ) Adrian Kuenzi (CEO)
Notenstein Privat Bank AG is a Swiss private bank headquartered in St. Gallen and around 20 billion francs assets under management. The private bank, which is 100% owned by Raiffeisen Switzerland, has twelve locations throughout Switzerland and employs approximately 700 employees.
Business
Notenstein private bank specialized in wealth management for private and institutional clients. In addition Notenstein emitted own structured financial products. The operations of the Bank is divided into the following areas:
- Private Banking Switzerland
- Private Banking International
- Institutional clients
- Structured financial products
History
The name Notenstein
The name Notenstein goes back to the influential, commercial society of the note Steiner from the 15th century. Membership lists of the note Steiner have been known since 1466. The coat of arms with the Greyhound on a red background decorates for generations to the Bank's headquarters in St. Gallen, the home to the " Nothveststein ". St. Gallen was the middle of the 15th century a major textile trading center. Its main export products, the St. Gallen quality canvas, found sales throughout Europe and made the city wealthy. The owners of the big screen and long-distance trading houses gathered in the company of Steiner score for deliberation in commercial matters and for socializing. Thanks to their economic and family ties, the members determined the development of the city with decisively. The most famous member was the mayor and reformer Joachim von Watt, called Vadian ( 1484-1551 ). In 1555, the note Steiner turned their registered office in the castle-like house next to the Brühltor at the current location of a private bank. As a result, the " Nothveststein " developed into the economic center of the city, in which was held the first St. Gallen Chamber of Commerce and was the St. Gallen post office. The French invasion of 1798 and the demise of the old order also meant the end of the traditional society of the note Steiner. It was wound up and sold the house.
Wegelin & Co.
The origin of the Bank dated back to the year 1741. This year took over Zyli Caspar (1717-1758) the father's cloth business and the freight forwarding company in St. Gallen. The company was Zylis how many trading houses operating in the time not only in the forwarding, but also wound up banking transactions. His son Hans Anton acquired the building in 1802 " Nothveststein ". At this point, there is still the seat of the bench. In 1860, Emil Wegelin wild, the nephew Zylis, partner of the bank. Under him, the concentration of business in asset management began. 1893 the name was changed to the private bank Wegelin & Co..
In early 2012 came Wegelin & Co. as part of the tax dispute between the U.S. and Swiss banks in the sight of the U.S. Department of Justice. The partners decided to split the company as at 27 January 2012. While the business with customers in the U.S. and U.S. citizens at Wegelin & Co. remained ( about 5 percent ) were transferred to other customers and business areas as well as almost all the staff at the Notenstein private bank. The transaction was facilitated by the fact that a second banking license and rights to names already existed: So Notenstein was created by the transfer of the non-US business on the net Bank AG, a then sister company of Wegelin & Co. was then renamed it. The naming rights of the new note Stone private bank are from the real estate company founded in 1968 Notenstein AG, a subsidiary of Bank Wegelin & Co.