J. Safra Sarasin Group is pleased to announce the successful completion of the acquisition of Credit Suisse (Monaco) S.A.M. as of 13 January 2017.

This transaction strengthens J. Safra Sarasin Group’s presence in Monaco, where the Group has been operating since 2006 and is determined to further strengthen its position as it believes in the Principality as an important financial centre.

The Bank will continue to provide best in class wealth management solutions to its clients.

Jacob J. Safra, Vice-Chairman of J. Safra Sarasin Holding AG, stated:

“We are determined to continue playing a leading role in the consolidation of the private banking market. We are proud to have completed another transaction and to welcome the clients and colleagues of Credit Suisse (Monaco) S.A.M. to the J. Safra Sarasin Group.”