M and A

Bank J Safra Sarasin Makes Acquisition

Editorial Staff 16 February 2022

Bank J Safra Sarasin Makes Acquisition

the J Safra Sarasin Group has taken full ownership and is the only shareholder of bank zweiplus ltd.

Bank J Safra Sarasin Group has bought a minority stake in bank zweiplus ltd from Aabar Trading Sàrl, Luxembourg, for an undisclosed sum. 

With this acquisition, the J Safra Sarasin Group is taking full ownership and is the only shareholder of bank zweiplus ltd. The bank will remain a FINMA-licensed banking entity and separate business from Bank J Safra Sarasin Ltd. 

bank zweiplus, which offers trading and custody services, has a sophisticated offering specifically tailored to direct clients and clients of independent asset managers and insurance companies.

Through its cooperation with cash.ch, the most-visited business and finance portal in Switzerland, clients of bank zweiplus have direct access to market information and can trade securities in all major stock exchanges worldwide.

“The acquisition of the remaining stake in bank zweiplus is a natural development and will allow clients and employees of bank zweiplus to benefit from our commitment to further invest and grow the bank’s offering and capabilities,” Daniel Belfer, CEO of Bank J Safra Sarasin Ltd and chairman of bank zweiplus ltd, said. 

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes