Geneva-headquartered Swiss bank Syz Group has just released its financial results for 2024, revealing it as a "milestone year."

Syz Group expanded its assets under management by 11.7 per cent from SFr23.1 billion ($26.2 billion) to SFr25.8 billion in 2024. This was achieved by positive market momentum, good performance and net new money (NNM) inflows across all business channels, the firm said in a statement.

Following a 16 per cent rise in 2023, reaching SFr7.5 million, Syz Group’s net profit grew slightly in 2024 to SFr7.6 million – despite headwinds such as lower interest rates, which weighed on net interest income. With a CET1 ratio of 25.6 per cent, the group said it continues to build on a strong capital base.

The family-owned group, which focuses on wealth and asset management, has three entities: Syz Bank, Syz Capital and Syz Asset Management.

The bank said it expanded its digital asset services in 2024 by offering new tokens for trading and custody, contributing to the growth of its assets under management by 13.5 per cent from SFr12.6 billion to SFr14.3 billion. Syz Capital also launched the BTC Alpha Fund in early 2025, a bitcoin denominated fund of crypto hedge funds. Syz Asset Management (SAM) also demonstrated strong investment performance alongside significant inflows, the group added.

“2024 was a milestone year in many ways. While the bank refreshed its positioning and SAM continued to deliver outstanding performance, we were equally excited about the evolution of Syz Capital as a leading innovative player in the alternatives space,” Eric Syz, CEO, Syz Group, said.

Headquartered in Geneva, the group is present in Zurich, Pfäffikon, Lugano, Locarno, Istanbul, Johannesburg, and Montevideo.