J. Safra Sarasin Group acquires the remaining shares in bank zweiplus ltd
J. Safra Sarasin Group is pleased to announce the acquisition of the minority stake in bank zweiplus ltd from Aabar Trading S.à.r.l, Luxembourg.
With this acquisition, the J. Safra Sarasin Group takes full ownership and becomes the only shareholder of bank zweiplus ltd. bank zweiplus ltd remains a FINMA licensed banking entity and separate business from Bank J. Safra Sarasin Ltd.
bank zweiplus offers trading and custody services and has a sophisticated offering specifically tailored to direct clients and clients of independent asset managers and insurance companies.
Through its cooperation with cash.ch, the most-visited business and finance portal in Switzerland, clients of bank zweiplus have direct access to market information and can trade securities in all major stock exchanges worldwide. In 2021, “cash – banking by bank zweiplus” was voted the number one online broker in Switzerland by SIQT (Schweizer Institut für Qualitätstest).
Daniel Belfer, CEO of Bank J. Safra Sarasin Ltd and Chairman of bank zweiplus ltd:
“The acquisition of the remaining stake in bank zweiplus is a natural development and will allow clients and employees of bank zweiplus to benefit from our commitment to further invest and grow the Bank’s offering and capabilities. We are looking forward to continue building and enhancing future digital platforms for clients and financial intermediaries.”
Financial terms of the transaction are not disclosed.