GRESHAM Private Bank

What GRESHAM Private Bank does

GRESHAM Banque Privée is a French private bank and wealth-management institution, founded in 1854 as the French arm of British insurer GRESHAM Life and operating today as a wholly-owned subsidiary of Groupe APICIL following its 2016 merger with the Lyon-based social protection group. The company is regulated as a credit institution by the ACPR (Établissement de Crédit n°14.120) and operates as a Société Anonyme à Directoire et Conseil de Surveillance with €8,997,634 in share capital. Its core activity is providing comprehensive wealth-management services—life insurance (Concordances 4 and the Luxembourg-domiciled Concordances Lux Vie), retirement planning (PERin), capitalization contracts, securities accounts (Compte-titres, PEA, PEA-PME), structured products, and private-equity access—to approximately 39,000 clients managing €5 billion in assets.

The technology platform centers on the Espace Client digital portal (two-factor authentication, real-time performance tracking, arbitrations, scheduled investments), complemented by standard web infrastructure (Cloudflare CDN, Matomo analytics, Cookiebot consent management). Distribution is overwhelmingly a high-touch, field-sales model: 18 physical agencies across France (Paris 7e/8e/17e, Lyon, Marseille, Nice, Cannes, Bordeaux, Toulouse, Montpellier, Nantes, Lille, Strasbourg, Rouen, Quimper, Biarritz, Metz, Aix-en-Provence, plus the Victoria remote-banking agency established in 2006), staffed by dedicated wealth advisors (Conseillers Patrimoniaux) whose compensation is product-agnostic to ensure objective advice. Investment products are sourced both from in-house APICIL Asset Management (including the Sovereign European Strategy fund) and third-party managers. The company runs 100+ in-person client events annually and monthly Webikeo web conferences, with the Stratégies & Placements newsletter as a flagship content channel.

Revenue is generated primarily through recurring management fees on life insurance, capitalization, and retirement wrappers, supplemented by transaction and advisory fees on banking and securities services. The customer base is segmented into High-Net-Worth Individuals (primary), Business Owners/Entrepreneurs, and Executives/Professionals, all served via a horizontal segmentation approach. Customer economics are highly favorable: average client tenure is 11 years, with some relationships exceeding 25 years. The company is embedded in the larger Groupe APICIL ecosystem (€25.4 billion AUM, 1.9 million insured persons, 2,000+ employees), giving it scale benefits in product manufacturing, regulatory standing, and back-office infrastructure despite operating as a focused 130-person advisory franchise.

Name

GRESHAM Private Bank

Legal name

GRESHAM Banque

Website

https://gresham-banque-privee.fr

Company type

Private

Founded year

1854

Operating status

Operating

Headcount range

251–500 employees

Short description

GRESHAM Banque Privée is a French private bank founded in 1854 and wholly-owned by Groupe APICIL. It provides wealth-management services—life insurance, retirement planning, and investment advisory—to approximately 39,000 high-net-worth clients across 18 agencies in France, managing €5 billion in assets.

Ownership category

akta.pro rank

Product category

Private Banking and Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Insurance and Employee Benefit Funds (5251), Finance and Insurance (52)

SIC

Life Insurance (6311), Investment Advice (6282)

akta.pro primary industry

Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH)

akta.pro secondary industries

Hybrid Advice (Advisor + Digital) Platforms (FSAAAAAE), Variable Universal Life (VUL) Insurance (FSAIABAD), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

Keywords

• Private banking services
• Wealth management advisory
• Life insurance products
• Retirement savings planning
• Estate planning services

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices19 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Life Insurance Management Fees: Ongoing management fees from Concordances 4 and other multi-support life insurance contracts. Fees apply on assets under management across Euro funds and unit-linked accounts.
2. Banking Services: GRESHAM Banque provides banking services including deposit accounts, securities accounts, PEA (stock savings plans), and manages related transaction fees.
3. Capitalization Contracts: Similar to life insurance but with different transmission characteristics, generating management fees and providing complementarity to insurance offerings.
4. Retirement Planning Products (PERin): Individual retirement savings plans generating management fees with tax-advantaged contribution limits, providing retirement income through annuity or capital withdrawal options.
5. Financial Advisory Services: Wealth advisors provide personalized financial advice included within the service model, with advisor compensation structure designed to ensure objective advice regardless of product chosen.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

GRESHAM Banque Privée is a French private bank providing personalized wealth management to high-net-worth individuals through multi-support life insurance (Concordances 4, Concordances Lux Vie), retirement savings plans (PERin), capitalization contracts, securities accounts (Compte-titres) and PEA/PEA-PME equity plans. Services are delivered by dedicated Conseillers Patrimoniaux across 18 physical agencies in France, supported by a digital client portal and APICIL Group asset-management capabilities.

Product overview

GRESHAM Banque Privée offers a comprehensive wealth management platform with a multi-product portfolio. The core offering centers on life insurance solutions (Concordances 4 and Concordances Lux Vie for premium Luxembourg-domiciled coverage), complemented by retirement planning (PERin), capitalization contracts, and securities accounts (Compte-titres, PEA & PEA-PME). Additional offerings include structured products and private equity access for diversified investment strategies. All products are supported by personalized advisory services from dedicated wealth advisors across 18 agencies throughout France.

Differentiator

Problem solved

Functional benefit

Brands

• Concordances 4: Multi-support life insurance contract with no entry fees, offering death benefit options and investment management
• Concordances Lux Vie

Products and services

• Concordances 4 Multi-support life insurance contract providing protection for loved ones, supplementary retirement income, education funding for children, and diversified investments via Euro funds and unit-linked accounts, with optional death benefits and customizable beneficiary clauses, awarded LABEL EXCELLENCE 2024.
• Concordances Lux Vie Premium life insurance contract under Luxembourg law offering enhanced investor protection through the Luxembourg 'triangle of security' framework, designed for clients seeking performance with security.
• PERin (Plan d'Épargne Retraite Individuel) Individual retirement savings plan allowing tax-deductible contributions and providing flexibility at retirement through capital withdrawal or annuity options, complementary to life insurance for maintaining living standards.
• Contrat de Capitalisation Capitalization contract complementary to life insurance for wealth transmission, offering access to unit-linked supports including real estate investments.
• Compte-titres (Securities Account) Securities account enabling investment across all types of financial instruments with flexible operation and full investment freedom.
• PEA & PEA-PME (Equity Savings Plans) Equity Savings Plans (PEA and PEA-PME) restricted to European equity investments, offering tax advantages for long-term savings in European stocks.

Quantifiable outcome

• Average client relationship duration of 11 years with some clients served over 25 years
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

One partnership is on record.

• APICIL Asset ManagementcoreTechnology or IntegrationAPICIL Asset Management manages investment funds offered through GRESHAM Banque Privée products, including the Sovereign European Strategy fund exposing clients to 6 European sovereignty themes. Provides fund management, investment analysis, and proprietary fund selection.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Indosuez Wealth Management: Crédit Agricole's wealth management arm serving HNW/UHNW clients in France and globally, with multi-support life insurance, advisory, and estate planning offerings — directly comparable in product set and target client as GRESHAM.
• Rothschild & Co (Banque Martin Maurel): Independent French-rooted private bank focused on entrepreneur wealth, succession planning, and multi-generational advisory — closely comparable in client persona and value proposition.
• Lazard Banque Privée: French-rooted boutique private bank offering wealth advisory and financial engineering for HNW families, with overlapping life insurance and estate planning capabilities.
• ODDO BHF Banque Privée: Mid-sized Franco-German private bank with multi-support life insurance (Oddo Vie), securities accounts, and advisory for HNW clients in France — directly comparable in scale and proposition.
• Banque Privée 1818: French mutual private bank owned by Natixis/Group BPCE serving HNW clients with wealth advisory, life insurance wrappers, and PEA solutions — comparable in persona and product breadth.

Broad incumbents

• BNP Paribas Wealth Management: France's largest private bank with a nationwide advisory network and full wealth product suite (life insurance, PEA, structured products). Overlaps with GRESHAM on HNW advisory and life insurance but at materially larger scale.
• Société Générale Private Banking: Universal bank's private banking franchise covering French HNW clients with similar life insurance, securities, and advisory solutions; a primary French-market competitor.
• UBS Wealth Management France: Swiss global private bank's French unit competing for HNW/UHNW clients through hybrid advisor-led and platform delivery, similar to GRESHAM's traditional-plus-remote (Victoria) model.
• Pictet Wealth Management (France): Swiss private bank with French presence serving HNW families with discretionary/advisory mandates — comparable positioning, particularly relevant given Luxembourg and Swiss regulatory parallels.

Regional players

• Matthieu Colin (Coutts / Royal Bank of Canada Wealth) France desk: International wealth franchises with French desks serving HNW/UHNW clients with cross-border and Luxembourg-domiciled solutions, comparable to GRESHAM's Lux Vie cross-border angle.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInfr.linkedin.com/company/gresham-banque-priv%C3%A9e
• Facebookfacebook.com/GRESHAM.Banque

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GRESHAM Private Bank