Banque SYZ

Banque SYZ SA was founded in Geneva in January 1996.[3] In July of the same year it established the Luxembourg mutual fund OYSTER.

In 1999, the bank began its expansion at the international level in Nassau by establishing SYZ Bank & Trust, and in Switzerland with the opening of offices in Lugano then Locarno. In July 2001, new offices were opened in Luxembourg, immediately followed by the location of offices in London in August 2001.

In 2002, it partnered with the Italian group Albertini to establish the management company Albertini SYZ in Milan, which was to become a bank in November 2003 under the name Banca Albertini SYZ. In 2013, SYZ took control of Banque Albertini SYZ[4]

In March 2003, the Bank opened its Zurich branch.

After having opened an office in Hong Kong in January 2007, it joined with the Spanish group N+1 in July 2009 to establish the management company N+1 SYZ in Madrid.[5]

In 2010, the bank decided to group together all its institutional management activities in a new entity, SYZ Asset Management.[6]

In 2011, SYZ opened an office in Paris, dedicated to the marketing of its OYSTER investment funds to the French institutional clientele.

In June 2012, it established SYZ Swiss Advisors, a Swiss management company registered with the U.S. Securities and Exchange Commission (SEC) and especially dedicated to U.S. investors.

In October 2013, following a labour law dispute with a former employee,[7] judicial proceedings were instituted against the bank in France on account of suspicions of concealed work. No judgment has been handed down to date.

When one of the windows allowing them to withdraw from their partnership contract was open, two of the three founding partners, Alfredo Piacentini and Paolo Luban, left the Group in June 2014. Eric Syz then became the majority shareholder and CEO.[8]

In May 2014, the bank announced its decision to outsource some of its back office and IT activities, with a possible 30 to 45 redundancies out of a total of 450 employees.[9]

In June 2014, the bank announced the opening of a representative office in Dubai, after having obtained the authorization of the Dubai Financial Services Authority.[10]

In July 2014, Banque SYZ was ranked best Swiss bank in terms of soundness in the annual ranking of the world’s largest banks (Top 1000 World Banks 2014),[11] drawn up by the British magazine The Banker, a member of the Financial Times Group. The banks’ soundness was measured by the Capital/Asset ratio (basic equity capital and reserves divided by assets[12]).

In October 2014, Banque SYZ was voted Best Private Banking Boutique by the jury of the Global Private Banking Awards 2014 organized by the British magazines Professional Wealth Management (PWM) and The Banker, two publications in the Financial Times group.[13]

In July 2015, SYZ acquired the Royal Bank of Canada's Swiss branch.[14]

In November 2016, Banque SYZ was voted for the third year in a row Best Private Banking Boutique by the jury of the Global Private Banking Awards 2016 organized by the British magazines Professional Wealth Management (PWM) and The Banker, two publications in the Financial Times group.[15]

In December 2016, a branch of SYZ Asset Management (Europe) Ltd opens in Munich.

In February 2017, Banque SYZ was voted “Best Private Bank – Investment Management Platform” at WealthBriefing Swiss Awards 2017.

In September 2017, SYZ Asset Management opened a branch in Madrid.

In June 2020, Banque SYZ opened a representative office in Istanbul.[16][17]

Banque SYZ SA is member of the following associations:

• Swiss Bankers Association

• Fondation Genève place financière[18]

• Association of Swiss Commercial and Investment Banks[19]

• Swiss Association of Asset Managers[20]

• Associazione bancaria ticinese[21]

• SYZ Group
• Banque SYZ
• SYZ Asset Management