Fleming Family & Partners, the multi-family office, has acquired Zurich-based wealth manager Gebhard, Corrodi and Partners, netting some £750 million ($1.2 billion) in assets under management. The financial terms of the deal were not disclosed.

The deal, which was made through FF&P Suisse, will substantially increase the assets and client base of this part of the business, doubling its presence in the Alpine state, the firm said in a statement.

Following the acquisition, Urs Gebhard and Christoph Corrodi will join the board of FF&P.

“The acquisition of GCP’s business fits with our strategy of developing our wealth management business internationally and will accelerate our growth as a global multi-family office and wealth management group,” Mark Davies, group chief executive of FF&P, said in a statement.

In other recent news about the firm, in May FF&P provided seed capital on behalf of its asset management firm to help roll out the PIMCO Capital Securities Fund, which invests in bank capital securities.

As well as providing the initial capital, FF&P came up with the investment idea and developed the strategy with the giant fixed income firm. The fund is managed by Philippe Bodereau, executive vice president and head of European credit research at PIMCO.