Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more
This site is for accredited investors, professional investors, investment managers and financial professionals only.
You should have assets around $3 million to $300 million or managing $20 million to $3 billion.
J. Safra Sarasin Buys BMO Private Bank in Hong Kong and Singapore
8th January 2021 | Hong Kong
Swiss Private Bank J. Safra Sarasin has announced the acquisition of Bank of Montreal(BMO) Private Banking in Hong Kong and Singapore. The acquisition of BMO Private Banking includes its AUM (Assets Under Management), clients and private banking relationship management teams. The transaction is expected to close the 1st half of 2021, subject to regulatory approval.
” Swiss Private Bank J. Safra Sarasin buys BMO Private Banking in Hong Kong and Singapore “
Bank J.Safra Sarasin Grows in Asia
In the official press release, Bank J. Safra Sarasin cited BMO private banking well-diversified and attractive client base of Ultra High-Net Worth individuals as an excellent fit with the Group’s existing private banking business and its comprehensive offering in investments, trading, credit and wealth planning.
The 2024 Investment Day | 28/2 HK & 6/3 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 28th February 2024 in Hong Kong, 6th March 2024 in Singapore.
Visit | Register here
The 2024 Family Office Summit20th March / 3rd April HK & 3rd / 10th April SG
Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here
The acquisition will also mark another step in its’ international growth strategy and to further enhance its successful presence in Asia. Bank J. Safra Sarasin currently have offices in both Hong Kong and Singapore.
Bank J. Safra Sarasin
Founded in 1841 and headquartered in Switzerland, Bank J. Safra Sarasin is in more than 25 locations in Europe, Asia, the Middle East and Latin America. The J. Safra Sarasin Group is part of the family-owned J. Safra Group, a highly regarded name in global Private Banking. In 2019, the private bank reported AUM of $202 billion (CHF 185 billion).
BMO Financial Group
Bank of Montreal (BMO) is one of the 5 largest bank in Canada and the 8th largest bank by assets in North America. The group have total assets of $949 billion (Oct 2020), providing personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers. The group conducts business through 3 operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
Jacob J. Safra, Chairman of J. Safra Sarasin Group:
“This transaction underscores the importance of the Asian market for the Group. We are delighted and believe that BMO’s private banking business in Asia will fit extremely well with our strategy. We are convinced that our strong capital base, efficient platform and high-quality services in wealth and asset management will offer great opportunities for BMO’s clients and employees in the future.”
Daniel Belfer, CEO of Bank J. Safra Sarasin:
“We look forward to welcoming BMO’s clients and their relationship management teams to Bank J. Safra Sarasin. Together we will build on the strengths of the Group’s presence in Asia and further expand our footprint in this important market.”
Albert Yu, CEO Asia, BMO Financial Group:
“Bank J. Safra Sarasin has a strong reputation for client service and we are confident that they are well positioned to service our private banking clients in Hong Kong and Singapore and provide fulfilling careers for our private banking relationship managers.”
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?
Caproasia.com is the leading financial media platform in Asia. Covering capital markets, investments and private wealth in Asia for 10,000 + elite users. Driving $25 trillion of assets in Asia.
Our users are rainmakers, dealmakers, risk takers and game-changers. Each manage, advise and invest $20 million to $3 billion of assets in Asia.