Welcome to the J. Safra Sarasin Group – continuity, solidity, and long-term added value
As an international group committed to sustainability and well established through its banks in more than 25 locations in Europe, Asia, the Middle East and Latin America, J. Safra Sarasin Group is a global symbol of private banking tradition, emphasizing security and well-managed conservative growth for clients.
The J. Safra Sarasin Group is part of the family-owned J. Safra Group, a highly regarded name in global Private Banking with a long and successful history. All the companies in the J. Safra Group are built on strong financial foundations. Family ownership provides the Group and their clients with stability and a consistent long-term approach.
J. Safra Sarasin Group announces continued growth and significant performance in 2021
- Group net profit rose by 5.7% to CHF 423.2 million for 2021 from CHF 400.3 million in 2020.
- Assets under management grew by 16.8% to CHF 224.7 billion, with net new assets of CHF 15.0 billion.
- Strong balance sheet of CHF 42.3 billion with substantial liquid assets of CHF 8.8 billion at the end of 2021.
- Group CET1 Capital of CHF 5.7 billion up from CHF 5.4 billion at the end of 2020, with a CET1 ratio of 38.7%, well in excess of regulatory requirements.
|Jacob J. Safra, Chairman of J. Safra Sarasin Group:
“We are delighted with the performance of the Group in 2021, particularly the growth in net new assets. These strong results reflect our conservative management philosophy, the investments we make in high-quality talent and the benefits of our focus on sustainable performance. The Group is as solid as ever and continues to produce reliable recurring returns. All this can be attributed to deep client relationships, exceptional capital strength, prudent risk management, and a long-term perspective.”
|Juerg Haller, Chairman of the Board of Bank J. Safra Sarasin:
“These results in 2021 proved our strengths again, and showed how we can bring innovative ideas to clients, particularly those exciting new technologies and businesses leading society to a more sustainable pathway. Our brand, products and staff are well recognised as standard setters in private banking and in the growing institutional market place. We continue to invest in the growth of our business by attracting new talent in all regions, supporting outstanding teams by ensuring they have the right tools, products and a healthy environment in which to thrive.”