Banque Privee Edmond de Rothschild said it plans to fully integrate its Geneva-based wealth management subsidiary Arbinter-Omnivalor into its Swiss business.

Edmond de Rothschild currently owns around 80% of Arbinter, which is run by Luc Baatard. The Geneva-based bank said in a statement that it would acquire the remaining part of the business that it does not own and integrate all staff into its operations.