LBT Holdings has acquired Gonet Bank & Trust, a Bahamas-based private bank, from Gonet SA, for an undisclosed sum.

The deal will see Gonet Bank & Trust rebranded as Bank of Nassau 1982.

LBT Holdings said the rebranding reflects the bank’s “renewed vision and commitment to excellence in private banking and wealth management”.

The deal has secured clearance from the Swiss Financial Market Supervisory Authority (FINMA), the Central Bank of The Bahamas (CBOB), and The Securities Commission of The Bahamas (SCB).

LBT Holdings assumed full ownership of Gonet Bank & Trust, with immediate effect.

It added that the acquisition enhances the standing of all involved parties in the global financial services industry, allowing for broader service offerings.

Bank of Nassau 1982 will continue its collaboration with Gonet & Cie SA, a Swiss subsidiary of Gonet SA, to offer banking services for clients globally.

Jonathan Cartwright will stay on as CEO, while Patrick Guye-Bergeret will continue serving as head of private banking.

LBT Holdings founder and director Anthony Ferguson said: “We are thrilled to build on the storied legacy of Gonet Bank & Trust Limited, as we drive innovation and deliver unparalleled value to our clients.”

Cartwright added: “This transformative acquisition enhances our ability to deliver world-class private banking services. With the combined expertise of LBT Holdings and our dedicated team, we are poised to elevate the client experience while maintaining the trust and quality our clients deserve.”

LBT Holdings is a collaboration between Levant Advisors and Quantfury.

Founded in 2017 by Antoine Bastian and Anthony Ferguson, Levant Advisors is a Bahamas-based wealth management firm managing over $2bn in assets.

Quantfury, also launched in 2017 by Lev Mazur, is a brokerage providing commission-free trading, with an annualised trading volume exceeding $250bn as of 2025.

"LBT Holdings acquires Gonet Bank & Trust, rebrands to Bank of Nassau 1982 " was originally created and published by Private Banker International, a GlobalData owned brand.

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