ZURICH, Oct 5 (Reuters) - Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job.
"Falcon Private Bank is not and was not for sale," the Zurich-based bank, owned by Abu Dhabi sovereign wealth fund International Petroleum Investment Co
INPTV.UL
(IPIC), said in a statement.
Swiss finance blog InsideParadeplatz on Wednesday reported its owners had given Chief Executive Walter Berchtold, in the job since Oct. 1, a directive to sell the bank.
The report cited Geneva-based Banque Heritage as a possible buyer. Falcon said it had never held talks with Heritage over a possible sale.
(Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;))
"Falcon Private Bank is not and was not for sale," the Zurich-based bank, owned by Abu Dhabi sovereign wealth fund International Petroleum Investment Co
Swiss finance blog InsideParadeplatz on Wednesday reported its owners had given Chief Executive Walter Berchtold, in the job since Oct. 1, a directive to sell the bank.
The report cited Geneva-based Banque Heritage as a possible buyer. Falcon said it had never held talks with Heritage over a possible sale.
(Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;))
