J. Safra Sarasin Financial Group Offers Expert Advisory Services

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The J. Safra Sarasin Financial Group provides expert advisory services to its clients, helping them navigate complex financial situations.

Their team of experienced professionals offers tailored advice on investment strategies, asset management, and wealth planning.

With a deep understanding of global markets and economies, they help clients make informed decisions about their financial futures.

Their expertise spans a wide range of areas, including private banking, asset management, and wealth planning.

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Recent Developments

In recent years, J. Safra Sarasin has been expanding its presence in the Middle East and Europe.

The bank has a significant presence in the Middle East, with operations in countries such as the United Arab Emirates and Saudi Arabia.

J. Safra Sarasin has been actively involved in the region's growth and development, providing banking and financial services to local businesses and individuals.

The bank's expertise in private banking and asset management has been particularly valuable to high net worth individuals in the region.

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J. Safra Sarasin has also been increasing its presence in Europe, with a focus on sustainable and impact investing.

The bank has a long history of supporting sustainable development and has made significant investments in renewable energy projects.

Its commitment to sustainability has earned the bank a reputation as a leader in the field.

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Financial Status

J. Safra Sarasin's financial status is robust, with a 6.9 percent profit increase in 2023 to 470.3 million Swiss francs.

The bank's assets under management rose to 204.3 billion Swiss francs by the end of 2023, up from 197.9 billion Swiss francs at the end of 2022.

Net new assets also increased compared to the previous year, amounting to 7.4 billion Swiss francs in 2023.

The bank's strong capital base is a key factor in its financial stability, with a core capital ratio of 47 percent and core capital (CET1) of 5.7 billion Swiss francs.

This is significantly above the level required by the regulator, allowing the bank to withstand market fluctuations and economic challenges.

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The bank's capital base is also a key factor in its ability to support business growth and stability.

J. Safra Sarasin's financial position has been strengthened through organic growth, with the creation of 78 new full-time positions in 2023.

The bank now operates worldwide with around 2,500 employees and has opened new branches in private banking in Baden and Paris.

The bank's focus on organic growth has allowed it to maintain a strong financial position without taking on excessive risk.

Frequently Asked Questions

Is J Safra Sarasin a good bank?

J. Safra Sarasin ranks 195th in the Financial System Benchmark, leaving room for improvement. Its performance lags behind industry peers, suggesting potential for growth.

What is the net income of J Safra Sarasin?

J Safra Sarasin's net income for 2023 is SFr470 million ($520 million). This represents a 6.9% increase from the previous year.

When did Safra buy Sarasin?

Safra Group acquired Bank Sarasin & Cie in 2013, forming Bank J. Safra Sarasin. This strategic merger marked a significant milestone in the history of the combined entity.

How many employees does Safra Sarasin have?

Safra Sarasin employs over 2,300 people worldwide. Join our team and be part of a successful business with a rich 180-year history.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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