Our Business

VIEL & Cie has held a 40% stake in SwissLife Banque Privée since August 2007. The development of the Group’s private banking activities continued in 2023.

This investment is consolidated in VIEL & Cie’s accounts using the equity method.

With its subsidiary SwissLife Gestion Privée, SwissLife Banque Privée has four main activities:

• private banking services for direct clients;
• an “assur-banque” type retail banking activity aimed at individual and professional customers of the SwissLife France group through its distribution networks;
• a retail banking activity aimed at individual customers of Partenaires Conseillers en Gestion de Patrimoine Indépendants;
• a securities custody business for companies in the SwissLife France group, and as custodian for mutual funds managed by SwissLife Asset Management (France) and its subsidiary SwissLife Gestion Privée.

At the end of 2023, the SwissLife Banque Privée group’s activities will total more than 7.4 billion euros in assets under custody.

This division will generate net banking income of 129.8 million euros in 2023. The company records a profit of 46.8 million euros in 2023.