Vienna Single Family Office Acquires Luxembourg Private Bank

Schütz Family Office (SFO), the single family office of Austrian entrepreneur Alexander Schütz, acquired Luxembourg-based private bank Freie Internationale Sparkasse (FIS).Strategic private equity investment: market entry in Austria plannedFIS is a Luxembourg-based private bank that was founded by German Sparkasse Bremen in 2001 in order to cater to the needs of wealthy individuals and institutional customers from Luxembourg. The balance sheet of FIS comprises €40M, the assets under management are approximately €600M. After the acquisition, Schütz’ family office intends to enter the Austrian market with FIS and to bolster the Lombard lending business as well as the digitalization of the bank.Schütz Single Family Office from ViennaAlexander Schütz’s wealth is based on the asset manager C-Quadrat, which was founded together with Thomas Rieß in 1991. C-Quadrat has assets under management in the amount of €8BN. Through his family office, Schütz is an active investor in private equity and real estate. For example, the Palais Pick in Vienna is owned by the SFO. Also, objects in Belgrade, Namibia, or Mallorca are belonging to Schütz’s real estate portfolio.Source: Picture Source: Relevant family office articlesYou also might like researchgermany.com’s .Relevant family office lists €4,99 including VAT Rated 5.00 out of 5 €249,99 including VAT Rated 4.67 out of 5 €1.499,99 including VAT Rated 5.00 out of 5 €299,99 including VAT

User Comments1. Ella Perez: Comment sample 1...2. Abigail L.: Comment sample 2...3. Morgan, Sebastian: Comment sample 3...4. J. Parker: Comment sample 4...5. Michael L.: Comment sample 5...Editor's NoteThis article was refined for clarity, structure, and user experience.

(Editors: admin)