notenstein la roche private bank type public company industry financial services founded 2012 headquarters st. gallen switzerland key people patrik gisel chairman adrian k nzi ceo products private banking asset management structured products number of employees 550 website www.notenstein laroche.ch en notenstein la roche private bank is a swiss private bank headquartered in st. gallen that manages around 21 billion in client assets . a subsidiary of raiffeisen switzerland the bank employs around 550 staff at 13 branches throughout switzerland . contents 1 business divisions 2 history 2.1 notenstein 2.2 la roche 2.3 wegelin & co. 3 references 4 external links business divisions edit notenstein la roche private bank specialises in investment advisory services and wealth management . in addition notenstein la roche issues its own structured financial products . business operations are divided into private banking switzerland private banking international and structured products . history edit notenstein private bank and bank la roche merged at the end of 2015 . both banks look back on histories stretching back centuries . notenstein s history has its roots in st. gallen ; bank la roche s in basel . both bank houses have more in common than history and tradition however they also share the same fundamental values and business ethics . 1 notenstein edit the city of st. gallen enjoyed an economic upswing in the late middle ages thanks to its flourishing textile industry . the proprietors of the leading trading companies met regularly at the assembly house zum notenstein on the lower neugasse . in 1555 a new meeting place was established in a house near the br hltor the location of the private bank s headquarters today . members of the influential notenstein association along with other guilds were involved in city government . one of notenstein s most illustrious members was the st. gallen scholar joachim von watt known as vadianus who went on to become mayor . in 1741 caspar zyli member of a family long affiliated with the notenstein association established a shipping and trading company ; by the mid 1800s it had developed into a pure banking business . the incursion of the french in 1798 and the demise of the old order also spelled the end for the rich traditions of the notenstein merchants the association was dissolved and the house sold to caspar zyli s son hans anton . 2 la roche edit at the end of the 18th century basel was a centre for international trade and the silk ribbon industry had emerged as the city s most important business sector . in these surroundings benedikt la roche whose great grandfather s military prowess in the service of the french crown had earned him the privilege of using the sobriquet la roche founded a trading and freight forwarding company in 1787 . in the wake of the economic crisis of 1800 growing demand for industrial capital caused the trading company s banking arm to become increasingly important . by the end of the century la roche was active in financing projects ranging from the spanisch br tli bahn railway to a brewery . basel attained world prominence as a financial centre during the franco prussian war of 1870 . at this time the bank was among the founders of the basel stock exchange . although the inter war years were challenging for the bank the end of the second world war heralded a period of growth and prosperity . through the 1970 s and 80 s the bank transitioned from an all purpose bank to a classic private bank in which investment advice wealth management and servicing institutional clients became the core business . the bank celebrated its 225th anniversary in 2012 . 3 wegelin & co. edit the history of wegelin & co. dates back to 1741 when caspar zyli member of a family long affiliated with the notenstein association established a shipping and trading company . by the mid 1800s it had developed into a pure banking business . the incursion of the french in 1798 and the demise of the old order also spelled the end for the rich traditions of the notenstein merchants the association was dissolved . in 1893 the caspar zyli trading company became wegelin & co. in early 2012 as part of a tax dispute between the usa and swiss banks the us department of justice focused its sights on wegelin & co. the partners determined to break up the bank on 27 january 2012 business with clients in the usa and us citizens around 5 % remained with wegelin & co. while all other clients and business units were transferred to a separate entity the new notenstein private bank . 4 thanks to the previous existence of a second bank licence and name rights the transaction was swift the non us business was transferred to nettobank ag a partner company of wegelin & co. with its own banking license . it was then renamed notenstein private bank the rights to the name coming from the real estate company notenstein ag founded in 1968 a subsidiary of wegelin & co. references edit http www.notenstein laroche.ch en about us tradition trust future commitment kellenberg rolf e. 2013 die notensteiner . von der handelsgesellschaft zur privatbank . baden . thiriet r. thiriet g. & freundlieb n. 2012 vertrauen als grundlage des erfolgs . basel . raiffeisen takes over greater part of wegelin & co. http www.notenstein laroche.ch en media releases raiffeisen takes over greater part wegelin co . media release 27 january 2012 external links edit official website coordinates 47 25 35 n 9 22 39 e 47.42631 n 9.377599 e 47.42631 ; 9.377599 retrieved from https en.wikipedia.org w index.php title notenstein la roche private bank & oldid 713648806 categories banks established in 1968banks of switzerlandcompanies based in st. gallenprivate equity firms1968 establishments in switzerlandhidden categories official website different in wikidata and wikipediacoordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran aisitaliano edit links this page was last modified on 5 april 2016 at 07 07 . text is available under the creative commons attribution sharealike license ; 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