Bank Stern is a financial advisory firm that engages in investment banking, family office, and other financial services primarily with institutional clients.
In the 20th century the Stern family was a shareholder of the Banque de France and was one of the main banking families in Paris with Lazard and Rothschilds in France.
Immediately after the sale went through, Stern started a new bank,[2] with a similar name and business profile, drawing in many of his former clients.
He sold this second institution for an estimated 1.75 billion francs [3] in 1988 to the Swiss Bank Corporation (SBS, which will later merge with UBS to form UBS S.A.).
As a result of these transactions, Stern shot up the ranks of the richest families in France, occupying the 38th spot, according to Forbes.