Reichmuth & Co.

Reichmuth & Co.

Reichmuth & Co. was launched in 1996 as an owner-managed private bank in Lucerne. The Reichmuth family partners bear unlimited personal liability — a Genossenschaft-era governance mechanism that ties their balance sheets directly to client outcomes and signals a long-duration posture. The firm operates additional offices in Zurich, St. Gallen, and Munich, servicing Swiss and German families through integrated wealth management and pension structuring. The bank's disclosed deployment centers on 24 direct infrastructure holdings across Switzerland and Europe. The portfolio breaks into three verticals: energy infrastructure (aventron AG, Windpark Fuchsstadt, BESS Wunsiedel), transport (European Loc Pool, CargoRoll Holding, LokRoll Holding), and waste/environmental services (Helvetia Environnement Groupe, Enviroo Project Co). Engineering-intensive assets dominate, from small-hydro (Kraftwerk Morteratsch) to rail-leasing SPVs (InRoll, RCM Rail Care and Management). Reichmuth runs these through direct equity and project-finance structures, not as fund-of-funds exposures. A real-estate sleeve exists via the publicly listed Mobimo vehicle, and the Rütli Foundation handles philanthropic streams separately. Team size and total AUM remain unpublished. The firm reveals only that it has built the infrastructure book to 24 positions over several years, pointing to an organic, deal-by-deal expansion rather than a capital-raise cycle. A recent brand emphasis on 'unbeschränkte Haftung' — unlimited partner liability — is unusual in the Swiss banking landscape and suggests the principals are reinforcing a pre-2008 credit culture as a competitive signal to wealthy European families looking for unconflicted advisors. The structural differentiator is the liability model itself. Unlike the corporate-veil protections of publicly traded Swiss banks or registered RIAs, Reichmuth's partners are personally on risk for the firm's obligations. This architecture creates a governance identity closer to a Notenstein or an older-model Baumann & Cie. than to a modern multi-family office, and it explains why the firm markets itself as 'Privatbankiers' rather than merely a manager. The infrastructure platform operates inside that house-balance-sheet credit culture, giving deal-sourcing partners a mandate to co-invest their own capital alongside clients in every project listed.