The banking group expands its European footprint.

Banque J Safra Sarasin (Luxembourg), part of the Swiss Safra banking group, has opened an office in Amsterdam.

The office, located in the Rembrandt Tower, is led by Marvin Kreuger, who reports to Jules Moor, chief executive of Banque J Safra Sarasin (Luxembourg).

“This is a clear confirmation of our commitment to the Dutch market. We are happy to have Marvin and the team joining the Bank and contribute with their experience and expertise to its continued success,” Jules Moor, chief executive of Banque J Safra Sarasin (Luxembourg), said.

The move is also a way to expand its footprint in the EU at a time when the bloc is being buffeted by the Brexit saga.