ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Dec 15, 2015 15:00 JST
Source:
Banque SYZ SA
With the acquisition of Banque SYZ Suisse SA, Banque SYZ SA joins the top 20 of Swiss private banks
Banque SYZ SA joins the top 20 of Swiss private banks
GENEVE, CH, Dec 15, 2015 - (ACN Newswire) - Five months after the acquisition of the Swiss subsidiary of Royal Bank of Canada - renamed Banque SYZ Suisse SA -, the merger with Banque SYZ SA is now complete. As a result of this transaction, Group SYZ's Wealth Management division doubled its assets and now ranks in the top 20 of the largest Swiss private banks. The acquisition was entirely financed with Banque SYZ's own capital and will enable it to extend its reach to new markets.
With the acquisition of Banque SYZ Suisse SA, Banque SYZ SA joins the top 20 of Swiss private banks
The integration of Banque SYZ Suisse SA - formerly Royal Bank of Canada (Suisse) SA - was finalised in five months thanks to its employees' commitment to ensuring a successful merger.
Clients now have access to a larger organisation with greater resources and expertise combining the benefits of a solid, independent private bank and performance-oriented management. The Banque SYZ SA business model was rewarded by the Global Private Banking Awards 2015. This is the second year in a row the bank has won an award in the annual ranking by PWM and The Banker, two Financial Times Group publications.
The acquisition increases the SYZ Wealth Management's assets to CHF 24 billion and the total assets managed by the Group to CHF 40 billion. Moreover, it enables Banque SYZ to develop in regions it had been absent from to date, including Latin America and Africa, thanks to the acknowledged expertise of the teams working in these markets.
In addition, the merger has created economies of scale as a result of the increase in assets under management and the profitability of investments required to meet new demands imposed by regulatory controls.
"The merger has enabled us to become a top 20 banking institution. I'm convinced that this strengthening will be beneficial to our clients and help our company meet the new challenges facing the Swiss financial market", said Eric Syz, Group CEO.
The acquisition was entirely funded with internal resources, demonstrating the Group's financial strength. Shareholders' equity and liquidity continue to be far in excess of Swiss standards which are among the most stringent in the world.
For additional information, please contact:
Moreno Volpi
Tel.: +41 (0)58 799 16 98
E-mail:
moreno.volpi@syzgroup.com
About SYZ Group
Founded in 1996 in Geneva, Swiss banking group SYZ focuses exclusively on asset management via two complementary pillars: high-end private banking and asset management. SYZ employs 580 staff and has CHF 40 billion in assets under management (EUR 39 billion, USD 40 billion). Headquartered in Geneva, the Group also has offices in Zurich, Lugano, Locarno, Milan, Madrid, Barcelona, Bilbao, Zaragoza, London, Luxembourg, Brussels, Paris, Dubai, Johannesburg, Miami, Nassau and Hong Kong. www.syzgroup.com
Press release:
http://hugin.info/166509/R/1973192/721801.pdf
SYZ picture:
http://hugin.info/166509/R/1973192/721802.jpg
Source: Banque SYZ SA
Sectors: Daily Finance, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
NTT DATA and DENSO Sign a Basic Agreement on Strategic Partnership for Software
Jun 13, 2024 18:01 JST
Honda and MC to Establish New Company, ALTNA Co., Ltd.
Jun 13, 2024 17:18 JST
Honda to Begin Sales of New N-VAN e: Commercial-use Mini-EV in Japan
Jun 13, 2024 16:04 JST
JCB and iMago Launch "Chikazuite-Check" Project to Provide a New Buying Experience
Jun 13, 2024 14:00 JST
Olympus Enhances Innovation Capabilities by Expanding R&D to Hyderabad, India
Jun 12, 2024 11:00 JST
FDA Accepts Eisai's Filing of LEQEMBI (lecanemab-irmb) Supplemental Biologics License Application for IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
Jun 10, 2024 18:50 JST
Yuki Tsunoda to Continue Competing in F1 for the 2025 Season with VISA Cash App RB Formula One Team
Jun 10, 2024 12:37 JST
Honda Advances Hydrogen Strategy with Production Launch of Fuel Cell Electric Vehicle in Ohio
Jun 07, 2024 18:29 JST
Le Mans awaits TOYOTA GAZOO Racing
Jun 07, 2024 16:56 JST
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of New LNG-Powered Roll-on/Roll-off Ship TRANS HARMONY GREEN in Shimonoseki
Jun 07, 2024 16:38 JST
MHIEC Receives Order to Rebuild Waste-to-Energy Plant in Hodogaya Ward, Yokohama
Jun 06, 2024 19:34 JST
MHI Thermal Systems Launches New "TEK Series" of Electric-Driven Transport Refrigeration Units for Small and Mid-Size Trucks
Jun 06, 2024 12:20 JST
MHI and EGAT sign MoU to Introduce Hydrogen Large Gas Turbine Co-firing Technology in Thailand to Achieve Net Zero Goals
Jun 05, 2024 19:09 JST
Mitsubishi Shipbuilding Receives Additional Order for 2 Units of LNG Fuel Gas Supply System (FGSS)
Jun 05, 2024 18:14 JST
NEC announces external appointment of executive personnel
Jun 05, 2024 17:43 JST
JCB collaborates with Singapore's Mandai Wildlife Group to promote wildlife park visitorship
Jun 05, 2024 12:00 JST
Hitachi and Microsoft Enter Milestone Agreement to Accelerate Business and Social Innovation with Generative AI
Jun 04, 2024 14:45 JST
Japan Energy Summit & Exhibition 2024 Unites Global Leaders to Propel Asia's Emergence in Climate Leadership
Jun 04, 2024 11:09 JST
Fujitsu to provide the world's first enterprise-wide generative AI framework technology to meet changing needs of companies
Jun 04, 2024 10:47 JST
JCB and Bank Mandiri Launch Japan Festival Program Campaign
Jun 04, 2024 10:00 JST
More Latest Release >>
Related Release
SYZ Asset Management awarded "Best Group over 3 years - Overall Small Company" by Lipper Fund Awards Switzerland 2017
February 23 2017 19:00 JST
Banque SYZ voted "Best Private Bank - Investment Management Platform" at WealthBriefing Swiss Awards 2017
February 10 2017 20:10 JST
SYZ GROUP: SYZ Asset Management Awarded at European Funds Trophy 2016
March 10 2016 23:00 JST
SYZ Asset Management Strengthens and Expands Its Multi-Asset Offering
March 10 2016 18:45 JST
SYZ Asset Management: Three phenomenal years for OYSTER Japan Opportunities
February 26 2016 06:00 JST
SYZ GROUP: Three iconic personalities on display at SYZ
February 01 2016 18:15 JST
SYZ Asset Management Strengthens Its Analysis and Manager Selection Unit
December 11 2015 00:30 JST
Banque SYZ voted 'Best Private Banking Boutique' for the Second Year Running
November 05 2015 23:00 JST
SYZ Extends Its Investment Offering to Private Equity by Partnering with the Global Private Equity Group ACE & Company
October 14 2015 16:30 JST
Hartwig Kos joins SYZ Asset Management as Co-Head of the Multi-Asset team
September 09 2015 16:40 JST
More Press release >>