Hyposwiss Privatbank, the Zurich-based private bank, will merge its two offices in Zurich into one larger office in the financial capital, according to a media report.

Hyposwiss will move into the new offices in the centre of Zurich in the second half of 2011, according to finews.ch, the Swiss fiancial news website.

Siegfried Peyer, the chief executive of Hyposwiss Privatbank, was quoted by the publication as saying that the new office offers the possibility and space for further growth.

Hyposwiss could not be reached to comment on this matter when contacted by WealthBriefing.