The Bank J. Safra Sarasin Ltd (previously named "Bank Sarasin & Co. Ltd", until 2013) is a Swiss

private bank Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...

, founded in 1841 and headquartered in

Basel , french: link=no, Bâlois(e), it, Basilese , neighboring_municipalities= Allschwil (BL), Hégenheim (FR-68), Binningen (BL), Birsfelden (BL), Bottmingen (BL), Huningue (FR-68), Münchenstein (BL), Muttenz (BL), Reinach (BL), Riehen (BS ...

. It is currently owned by the

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

ian J. Safra Group, and was formed in its present state in 2013, when Safra Group acquired Bank Sarasin & Co. Ltd, merging it with its

Bank Jacob Safra Switzerland Bank Jacob Safra (Suisse) AG was a full-service commercial banking institution headquartered in Geneva, Switzerland. As part of the Safra Group of financial institutions, in 2013 it merged with Bank Sarasin & Cie, when that bank was purchased b ...

subsidiary.

Business

J. Safra Sarasin performs investment advice and asset management for private and institutional clients, as well as investment funds. It offers further services in investment, corporate finance and financial analysis. In addition to its headquarters in

, the J. Safra Sarasin Group has offices in Bern,

Geneva , neighboring_municipalities= Carouge, Chêne-Bougeries, Cologny, Lancy, Grand-Saconnex, Pregny-Chambésy, Vernier, Veyrier , website = https://www.geneve.ch/ Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevr ...

Lugano Lugano (, , ; lmo, label=Ticinese dialect, Ticinese, Lugan ) is a city and municipality in Switzerland, part of the Lugano District in the canton of Ticino. It is the largest city of both Ticino and the Italian-speaking southern Switzerland. Luga ...

, Lucerne, Zurich,

Doha Doha ( ar, الدوحة, ad-Dawḥa or ''ad-Dōḥa'') is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor, it is home to most of the count ...

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

Dublin Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 c ...

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on it ...

Gibraltar ) , anthem = " God Save the King" , song = " Gibraltar Anthem" , image_map = Gibraltar location in Europe.svg , map_alt = Location of Gibraltar in Europe , map_caption = United Kingdom shown in pale green , mapsize = , image_map2 = Gib ...

, Guernsey,

Hamburg (male), (female) en, Hamburger(s), Hamburgian(s) , timezone1 = Central (CET) , utc_offset1 = +1 , timezone1_DST = Central (CEST) , utc_offset1_DST = +2 , postal ...

Hanover Hanover (; german: Hannover ; nds, Hannober) is the capital and largest city of the German state of Lower Saxony. Its 535,932 (2021) inhabitants make it the 13th-largest city in Germany as well as the fourth-largest city in Northern Germany ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

Monaco Monaco (; ), officially the Principality of Monaco (french: Principauté de Monaco; Ligurian: ; oc, Principat de Mónegue), is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Lig ...

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Ha ...

Nassau Nassau may refer to: Places Bahamas *Nassau, Bahamas, capital city of the Bahamas, on the island of New Providence Canada *Nassau District, renamed Home District, regional division in Upper Canada from 1788 to 1792 *Nassau Street (Winnipeg), ...

Panama Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Co ...

, Poznan,

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

, Stuttgart and

Warsaw Warsaw ( pl, Warszawa, ), officially the Capital City of Warsaw,, abbreviation: ''m.st. Warszawa'' is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland, and its population is officia ...

. The company was formerly listed on the SIX Swiss Exchange from 1987 to 2013.

History

Founded on 20 February 1841 as Riggenbach & Cie by Johannes Riggenbach-Huber, son of a worker of a tape factory from Basel who had risen to partner within Bank Ehinger & Cie. The company was originally devoted to trade, shipping and banking. After two years, his son Frederick Riggenbach joined the business, which he directed after Johannes Riggenbach's death in 1860. By 1876, the bank had thrived and entered trading at the Basel Stock Exchange. On 1 January 1900, purchased the company from Fritz Riggenbach and founded the general partnership A. Sarasin & Cie with Arthur Streichenberg-Mylius, giving the establishment its name of Sarasin. Under this leadership, Bank Sarasin developed into one of the most prestigious and longest-established private banks in the Swiss financial market. From 1954 to 2005, Emanuel Sarasin, grandson of Alfred Sarasin-Iselin, directed the bank. He was also president of the Swiss Bankers Association from 1965 to 1986. In 1987, the company became a

Private company limited by shares A private company limited by shares is a class of private limited company incorporated under the laws of English law, England and Wales, Northern Irish law, Northern Ireland, Scots law, Scotland, certain Commonwealth of Nations, Commonwealth c ...

, under the name Bank Sarasin & Cie. In 2002, it converted into a Joint-stock company, with the Dutch group Rabo taking a share and options to purchase more; it exercised these options in late 2006, by then holding 46.1 percents of the capital and 68.6 of the votes. Rabobank Switzerland was itself purchased by Safra on 25 November 2011. By late June 2012, Safra Holding already held 50.15% of the share capital and 71.01% of the votes; in October 2012, Safra had acquired further shares through a public offer, and had 99.47% of the votes. Safra then cancelled the remaining shares held by the public in April 2013, delisting the bank from the SIX Swiss Exchange. As part of the merger between Bank Sarasin and

into Bank J. Safra Sarasin AG, the bank announced on 27 May 2013 that Edmond Michaan, former managing director of Bank Jacob Safra, would replace Joachim H. Straehle as CEO of Sarasin.

References

{{Authority control Banks of Switzerland Banks established in 1841 Private banks Swiss companies established in 1841