Bank Jacob Safra Switzerland
|This article relies largely or entirely on a single source. (May 2009)|
|Joseph Safra (Chairman)|
Number of employees
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.
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.
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- "Bank Jacob Safra Establishes Presence in Switzerland". News Release. PR Newswire Europe Ltd. 2000-06-20.
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