Brazil & Swiss $460 Billion Banking Empire Safra Group Family with $30 Billion Fortune Hires Safra Group 29-Year Veteran & CEO Wealth Management Sergio Penchas as Safra Group Single Family Office CEO (Emerald Investment Management), Sergio Penchas Joined Safra Group in 1991 & Held Various Roles in Brazil, Switzerland & Monaco, Departed in 2017 to Setup Investment One Partners (Boutique Investment Bank) & Rejoined Safra in 2022 as CEO Wealth Management
17th April 2026 | Hong Kong
Brazil & Switzerland banking empire Safra Group ($460 billion assets) family with $30 billion fortune has hired Safra Group 29-year veteran & CEO Wealth Management Sergio Penchas as Safra Group single family office CEO (Emerald Investment Management). Sergio Penchas joined Safra Group in 1991, held various roles in Brazil, Switzerland & Monaco, departed in 2017 to setup Investment One Partners (Boutique investment bank) & rejoined Safra in 2022 as CEO Wealth Management. Sergio Penchas (Translated): “At the end of March, I concluded my journey as head of Wealth Management at Safra, after almost four years of an extremely rich, challenging, and transformative experience. These were years of hard work, evolution, innovation, and growth. Together, we built a new era for Wealth Management, elevating the business to a new level and further strengthening our value proposition. But, above any result, I take with me the certainty that no significant achievement happens individually. Everything we accomplished during this period was only possible because I had an extraordinary team by my side—talented, generous, and tireless. A team that made a difference every day and shines through its own merits. I have deep gratitude for each person who was part of this journey, for their trust, partnership, and dedication in building something important together. @gabriela, andrea, giullio, bloes, Kelly, berger, Flávia, barqueiro, nilvio, Camila, Miguel, Tati Now, I begin a new mission within Safra: leading the Single Family Office. I accept this challenge with enormous honor and enthusiasm. It is, in a way, a return to my roots, alongside incredible people whom I deeply admire, and with renewed motivation to build another relevant chapter in this story. I move forward with great respect for the path traveled, pride in what we have accomplished, and energy for everything that lies ahead.” The J. Safra Group – The J. Safra Group is controlled by the late Joseph Safra family. The group consists of privately owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness. The J. Safra Sarasin Group – The J. Safra Sarasin Group provides a high level of service and expertise, acting as an investment advisor and asset manager for private and institutional clients. It is part of the Safra Group. As a family-owned business, the Group’s stability and long-term approach are the key attributes of all its companies. In 2025, Safra Group heiress Esther Safra Dayan (Age 47) was reported to have sold her shares in Safra Group to her brothers Jacob Safra (Age 49) & David Safra (Age 40). In 2023, Safra Group banking heir Alberto Safra filed a lawsuit in New York against his mother (Vicky Safra) & his 2 brothers (Jacob Safra & David Safra) for engaging in corporate misconducts including resulting in the diluting of his shares, with 4 siblings (Alberto, Jacob, David, Esther Safra Dayan) inheriting less than half of the $14 billion fortune left by the late Brazilian tycoon Joseph Safra in 2020. The lawsuit was filed in New York state court by Alberto Safra on Monday (6/2/23). In 2026 March, Switzerland private bank J. Safra Sarasin Group ($460 billion AUM) completed the 71% majority stake acquisition in Saxo Bank at $1.7 billion valuation (€1.6 billion) with Saxo Bank founder Kim Fournais retaining 28% stake, and announced key appointments with 1) Kim Fournais appointed as Chairman of Saxo Bank, 2) Bank J. Safra Sarasin CEO Daniel Belfer appointed as Saxo Bank CEO, 3) Board Member Elie Sassoon appointed as Bank J. Safra Sarasin CEO, 4) Henrik Juel Villberg appointed as Saxo Bank Deputy CEO in addition to role as Head of Group Client Journeys, 5) Julio Carloto appointed as Saxo Bank Chief Risk and Compliance Officer. The Saxo Bank new management team members are 1) Daniel Belfer (CEO), 2) Henrik Juel Villberg (Deputy CEO), 3) Mads Dorf Petersen (CFO) & 4) Julio Carloto (CRCO), J. Safra Sarasin Group & Saxo Bank have combined $460 billion AUM.
“ Brazil & Swiss $460 Billion Banking Empire Safra Group Family with $30 Billion Fortune Hires Safra Group 29-Year Veteran & CEO Wealth Management Sergio Penchas as Safra Group Single Family Office CEO (Emerald Investment Management), Sergio Penchas Joined Safra Group in 1991 & Held Various Roles in Brazil, Switzerland & Monaco, Departed in 2017 to Setup Investment One Partners (Boutique Investment Bank) & Rejoined Safra in 2022 as CEO Wealth Management “
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Brazil & Swiss Banking Empire Safra Group with $350 Billion Assets Heiress Esther Safra Dayan Age 47 Sells Shares to Brothers Jacob Safra Age 49 & David Safra Age 40, Alberto Safra Filed Lawsuit in New York in 2023 Against Mother & 2 Brothers for Diluting His Shares, 4 Siblings Inherited Less than Half of $14 Billion Fortune Left by Late Brazilian Tycoon Joseph Safra in 2020
5th February 2025 – Brazil & Switzerland banking empire Safra Group ($350 billion assets) heiress Esther Safra Dayan (Age 47) has sold her shares in Safra Group to her brothers Jacob Safra (Age 49) & David Safra (Age 40). In 2023, Brazil & Switzerland banking empire Safra Group banking heir Alberto Safra has filed a lawsuit in New York against his mother (Vicky Safra) & his 2 brothers (Jacob Safra & David Safra) for engaging in corporate misconducts including resulting in the diluting of his shares, with 4 siblings (Alberto, Jacob, David, Esther Safra Dayan) inheriting less than half of the $14 billion fortune left by the late Brazilian tycoon Joseph Safra in 2020. The lawsuit was filed in New York state court by Alberto Safra on Monday (6/2/23). Profile (2022) – The J. Safra Group, with total assets under management of $208 billion and aggregate stockholder equity of $17.4 billion, is controlled by the late Joseph Safra family. The group consists of privately owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness.
Brazil & Swiss Banking Empire Safra Banking Heir Alberto Safra Files Lawsuit in New York Against Mother & 2 Brothers for Diluting His Shares, 4 Siblings Inherited Less than Half of $14 Billion Fortune Left by Late Brazilian Tycoon Joseph Safra in 2020
11th February 2023 – Brazil & Switzerland banking empire Safra Group banking heir Alberto Safra has filed a lawsuit in New York against his mother (Vicky Safra) & his 2 brothers (Jacob Safra & David Safra) for engaging in corporate misconducts including resulting in the diluting of his shares, with 4 siblings (Alberto, Jacob, David, Esther Safra Dayan) inheriting less than half of the $14 billion fortune left by the late Brazilian tycoon Joseph Safra in 2020. The lawsuit was filed in New York state court by Alberto Safra on Monday (6/2/23). The J. Safra Group, with total assets under management of $208 billion and aggregate stockholder equity of $17.4 billion, is controlled by the late Joseph Safra family. The group consists of privately owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness.
J. Safra Group
The J. Safra Group, with total assets under management of $208 billion and aggregate stockholder equity of $17.4 billion, is controlled by the late Joseph Safra family. The group consists of privately owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness. The group’s real estate holdings consist of more than 200 premier commercial, residential, retail and farmland properties worldwide. Its investments in other sectors include agribusiness holdings in Brazil and Chiquita Brands International. More than 29,000 employees are associated with the J. Safra Group.
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