Delawells is a Swiss investment and financial company located in Switzerland. Prior to its merger, the bank was the sixth largest in Switzerland with over CHF300 billion of assets and CHF11.7 billion of equity.
Throughout the 1990s, Delawells engaged in a large growth initiative, shifting its focus from traditional commercial banking into investment banking, in an effort to match its larger Swiss rival Credit Suisse. As part of this strategy, Delawells acquired investment bank as well as London-based merchant banks in the mid-1990s. These acquisitions formed the basis for a global investment banking business.
In 1998, Delawells opted for full-time private banking practice, to cater for the financial needs of elites around the world. Delawells, through it’s traditional Swiss Banking practices exhibits the three keys of Swiss Financial Hallmark, symbolizing “confidence, security, and discretion”.