Our Mission

Satisfy the needs of customers by providing excellent financial products and services, as well as the aspirations of their employees, supporting the strengthening of the communities where they operate and adding value to their shareholders permanently with a long-term sense.


Mercantil Bank (Schweiz) AG is a bank and securities broker established in Zurich, Switzerland. It operates under the supervision of the “Swiss Financial Market Supervisory Authority” (FINMA) according to Swiss laws and regulations.

The Bank specializes in providing wealth management services to Private Banking clients.

Mercantil Bank (Schweiz) is a subsidiary of the Panamanian financial holding Mercantil Servicios Financieros Internacional S.A., a corporation with more than 90 years of successful trajectory in the Latin American market, with a wide range of financial services in Panama and a presence in 10 different countries in the Americas and Europe.

For Mercantil, its presence through Mercantil Bank (Schweiz) in Zurich, Switzerland – one of most important financial centres in the world – is an important step in its objective of providing Private Banking services to clients in the most important markets.

Switzerland is well-known for its political, economic, legal and social stability, which has resulted in the country becoming, after 250 years of banking history, one of the most important financial centres in the world.

The country maintains its autonomy and does not belong, nor does it participate in the economic and monetary space of the Euro Zone or the European Union. Its currency, the Swiss Franc, is considered one of the most stable currencies in the world.

Value Proposition

Mercantil Bank (Schweiz) customers with the profile and interest in receiving Private Banking treatment, will find products and services carefully selected and diligently delivered, responsibly and with high quality standards. Mutual trust and transparency are the mainstays for solid, lasting relationships with our clients. Fortunately, the pace of Private Banking allows us to deepen our understanding of each client, and to explain in detail our proposals and the uniqueness of our services, and to address any lingering doubts and questions. Each of our Relationship Managers brings a minimum of fifteen years of experience in the various areas of banking, and will make use of all resources available to adapt our proposals to our clients’ needs. Our standards of security, discretion and privacy are extremely high; in line with the traditions that characterise Swiss Private Banking; even when compared with other well-reputed jurisdictions.


Mercantil Bank (Schweiz) 30 years of history

In 1988 BMS FINANZ AG was founded in Zürich and started its activities as a finance institution offering a wide range of banking services.

Twelve years after its inception it obtained a full Swiss banking license, the first of its kind for a Latin American Group and with that, it rebranded itself as Banco Mercantil (Schweiz) AG.

Following a group strategy in 2007 the bank changed its brand and legal name to Mercantil Bank (Schweiz) AG (MBS).

In 2012 it focused its scope of business to its core of Private Banking and Wealth Management.

The year 2018 represents an important mile stone for Mercantil Bank (Schweiz) AG, it turns 30 years in Switzerland, empowering excellence and client-centric service.


Board of Directors

Board of Directors

Luciano Scandolari
Director since 2022

Peter Huwyler
Chairman since 2007

Linda Walker von Graffenried
Director since 2019

Ignacio A. Vollmer
Director since 2018

Jürg Reichen
Vice-Chairman since 2018


Thomas Ita
General Manager

Gabriel Urdaneta
Head Private Banking & Wealth Management

Sandra Righetti (until September 2023)
Head of Operations & IT / Deputy General Manager


Market Reports 7+7

Mercantil, empowering your world