Bank Jacob Safra Switzerland

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Bank Jacob Safra Switzerland
AG
Industry Banking
Founded 2000
Headquarters Geneva, Switzerland
Key people
Joseph Safra (Chairman)
Products Financial Services
Number of employees
250
Parent Safra Group
Website www.jsafra.com

Bank Jacob Safra (Suisse) AG is a full-service commercial banking institution headquartered in Geneva, Switzerland. It is also present in Zurich, Lugano, Gibraltar, and Monaco. The majority of its operations consist of financial services and private wealth management.

Bank Jacob Safra Switzerland is part of the Safra Group of financial institutions.

Services[edit]

In addition to wealth management, the bank also performs brokerage services, bond trading, lease financing, and correspondent banking.

History[edit]

In 1956, Jacob Safra picked Geneva as the headquarters of the family banking enterprise.

Named after Jacob Safra, the patriarch, the bank started its operations through the acquisition of Uto Bank AG in June 2000. It grew to 15 billion CHF of assets under management in less than 6 years.

In February 2006, Bank Jacob Safra expanded its operations in Monaco through the acquisition of Banque du Gothard (Monaco) bringing it to 17.2 billion CHF in assets under management.[1]

See also[edit]

Notes[edit]

  1. ^ "Bank Jacob Safra Establishes Presence in Switzerland". News Release. PR Newswire Europe Ltd. 2000-06-20.