On 6 May 2020, new digital financial services company Alpian SA (Alpian), incubated by the Swiss banking group REYL & Cie Ltd ("REYL") announced its plans to launch, as Switzerland's first digital private bank in 2021, subject to the relevant regulatory authorisations being granted.
Alpian aims to serve the mass affluent client segment in Switzerland, typically comprising individuals with investable assets ranging from CHF 100,000 to CHF 1 million, through a modern digital and technology-savy interface.
Alpian successfully completed a Series A funding round worth CHF 12.2 million and recently applied for its full banking license from the Swiss Financial Market Supervisory Authority (FINMA). Schellenberg Wittmer advised Alpian in connection with the preparation of the banking license application.
The team was led by Jean Jacques Ah Choon (Corporate/M&A) and Grégoire Tribolet (Banking & Finance).
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