KBL European Private Bankers, a leading Luxembourg private bank, has completed the sale of its Swiss subsidiary KBL Switzerland, with its main office in Geneva and branches in Zurich and Lugano, to BIL - Banque Internationale à Luxembourg (Suisse).

Schellenberg Wittmer acted as legal counsel to the seller. The Schellenberg Wittmer team consisted of partner Jean Jacques Ah Choon (overall lead, corporate/M&A), senior associates Philippe Nicod and Pascal Hubli (both Corporate/M&A) and associate Grégoire Tribolet (banking regulatory).