The current local leaders, Daniel-Marc Brunner and Werner Gruner, mainly take over the new entity.
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The SYZ group has announced that SYZ Bank (Bahamas) Limited will become Nexor Asset Management Limited (Nexor), an external asset management company largely owned by its local management. The SYZ group will hold a minority stake.
Nexor will continue to focus on creating value in portfolio management and investment advisory services for its clients. As such, Nexor will maintain a close business relationship with the SYZ group, and customers will continue to benefit from the group’s banking platform in Switzerland for the safekeeping of their assets.
The restructuring of SYZ Bank (Bahamas) is part of the SYZ group’s strategy to centralize its responsibilities in Switzerland and to focus on its main area of expertise, namely asset management. The current directors, Daniel-Marc Brunner and Werner Gruner, will become the majority shareholders of Nexor.
The buyout, which remains subject to the approval of the competent regulatory authorities, should be completed in the coming months.
The SYZ group remains engaged in asset management through its three business lines, namely private banking, institutional asset management and private markets.
Please note: this text has been translated with an automatic tool.
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