J. Safra Sarasin Group completes the acquisition of Lombard Odier’s Private Banking Business in Gibraltar
J. Safra Sarasin Group is pleased to announce the successful completion of the acquisition of Lombard Odier’s private banking business in Gibraltar.
With this acquisition, the J. Safra Sarasin Group continues to expand its leading position in the private banking business in Gibraltar, an important financial centre where it has a long and successful track record since 2001 and a jurisdiction to which it is highly committed.
The attractive client base and their experienced relationship managers are an excellent fit with J. Safra Sarasin’s private banking business and its comprehensive offering of investment services and trading capabilities.
Jacob J. Safra, Chairman of J. Safra Holdings International and Vice Chairman of J. Safra Sarasin Group, commented:
“We are proud to have completed another acquisition and are delighted to welcome the clients of Lombard Odier and their relationship managers in Gibraltar to our Group. We look forward to maintaining these valued and long-standing client relationships at J. Safra Sarasin. This acquisition is another step forward in the growth strategy of the Group as we continue to play a leading role in the consolidation of the Swiss and European private banking sector. We also thank Lombard Odier for the cooperation and their constructive support since we announced the transaction in April.”