anonyme sa industry financial services founded 1996 headquarters geneva switzerland number of locations 21 key people eric syz website www.syzgroup.com banque syz sa is a geneva private bank in the swiss banking group syz which was founded in 1996 by eric syz alfredo piacentini and paolo luban . 1 in june 2014 two of the co founders decided to continue their careers in a different direction . eric syz therefore took control of almost all the shares of the group s holding company . the bank is dedicated to wealth management through two lines of business private banking syz wealth management and institutional management syz asset management 2 in the form of segregated mandates or through the oyster funds investment funds . the bank has offices in switzerland in geneva zurich lugano and locarno and internationally in bilbao milan barcelona zaragoza madrid london luxembourg edinburgh brussels paris nassau miami johannesburg hong kong and dubai . in september 2015 the group s assets under management amounted to chf 40 billion . 3 contents 1 history 2 memberships 3 external links 4 references history edit banque syz sa was founded in geneva in january 1996 . 4 in july of the same year it established the luxembourg mutual fund oyster . in 1999 the bank began its expansion at the international level in nassau by establishing syz bank & trust and in switzerland with the opening of offices in lugano then locarno . in july 2001 new offices were opened in luxembourg immediately followed by the location of offices in london in august 2001 . in 2002 it partnered with the italian group albertini to establish the management company albertini syz in milan which was to become a bank in november 2003 under the name banca albertini syz . in 2013 syz took control of banque albertini syz 5 in march 2003 the bank opened its zurich branch . after having opened an office in hong kong in january 2007 it joined with the spanish group n 1 in july 2009 to establish the management company n 1 syz in madrid . 6 in 2010 the bank decided to group together all its institutional management activities in a new entity syz asset management . 7 in 2011 syz opened an office in paris dedicated to the marketing of its oyster investment funds to the french institutional clientele . in june 2012 it established syz swiss advisors a swiss management company registered with the u.s. securities and exchange commission sec and especially dedicated to u.s. investors . in october 2013 following a labour law dispute with a former employee 8 judicial proceedings were instituted against the bank in france on account of suspicions of concealed work . no judgment has been handed down to date . when one of the windows allowing them to withdraw from their partnership contract was open two of the three founding partners alfredo piacentini and paolo luban left the group in june 2014 . eric syz then became the majority shareholder and ceo . 9 in may 2014 the bank announced its decision to outsource some of its back office and it activities with a possible 30 to 45 redundancies out of a total of 450 employees . 10 in june 2014 the bank announced the opening of a representative office in dubai after having obtained the authorization of the dubai financial services authority . 11 in july 2014 banque syz was ranked best swiss bank in terms of soundness in the annual ranking of the world s largest banks top 1000 world banks 2014 12 drawn up by the british magazine the banker a member of the financial times group . the banks soundness was measured by the capital asset ratio basic equity capital and reserves divided by assets 13 . in october 2014 banque syz was voted best private banking boutique by the jury of the global private banking awards 2014 organized by the british magazines professional wealth management pwm and the banker two publications in the financial times group . 14 in july 2015 syz acquired the royal bank of canada s swiss branch . 15 in november 2015 banque syz was voted for the second year in a row best private banking boutique by the jury of the global private banking awards 2015 organized by the british magazines professional wealth management pwm and the banker two publications in the financial times group . 16 memberships edit banque syz sa is member of the following associations swiss bankers association fondation gen ve place financi re 17 association of swiss commercial and investment banks 18 swiss association of asset managers 19 associazione bancaria ticinese 20 external links edit banque syz sa oyster funds references edit key dates . syz group . commercial registry office of the canton of geneva . syz buys royal bank of canada swiss unit as foreigners exit . bloomberg . commercial registry office of the canton of geneva . syz & co takes a majority stake in banca albertini syz . l agefi . syz et n 1 cr ent une ab asesores bis . l agefi . syz & co pr voit d installer un bureau en france d ici un an . l agefi . gen ve la banque syz & co mise en examen en france . arcinfo . nous quittons la banque syz un moment tr s favorable . bilan . la banque syz veut externaliser des services . bilan . syz & co opens a representative office in dubai pdf . syz group . syz & co class e num ro un des banques en termes de solidit . romandie . bank capital to assets ratio . the world bank . syz & co voted best private banking boutique in the global private banking awards 2014 pdf . syz group . broom giles 14 july 2015 . syz buys royal bank of canada swiss unit as foreigners exit . bloomberg business . bloomberg . retrieved 21 august 2015 . banque syz voted best private banking boutique for the second year running pdf . syz group . banque syz sa member of fondation gen ve place financi re . association of swiss commercial and investment banks member list . swiss association of asset managers member page . associazione bancaria ticinese member list . retrieved from https en.wikipedia.org w index.php title banque syz & oldid 689770186 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