Private Banks

J. Safra Sarasin Group Reports Strong Results for 2023

  • Group net profit rose by 6.9% to CHF 470.3 million in 2023 from CHF 440.2 million in 2022.
  • Strong balance sheet of CHF 42.5 billion at the end of 2023.
  • Group CET1 Capital of CHF 5.7 billion at the end of 2023, with a CET1 ratio of 47.0%, well in excess of regulatory requirements.
  • Assets under management increased to CHF 204.3 billion at the end of 2023, supported by positive net new assets of CHF 7.4 billion during the year.

 

“It is with a sense of accomplishment that we publish J. Safra Sarasin Group’s solid results for 2023. These reflect the continuing pertinence of our approach, based on stability and a long-term vision of wealth management. As a family-owned bank, all our activities are guided by our core values and a multigenerational tradition of private banking and asset management. This ensures that the offering is aligned with the needs and values of our clients and serves as the foundation for the Group’s future growth.”

- Jacob J. Safra
Chairman of J. Safra Sarasin Group

“2023 was a year of resilience and positive developments: while retaining a strong financial position, we reinforced our presence in key markets and expanded our capabilities for the benefit of our clients. We are confident that our commitment to providing services and expertise which are fully tailored to the needs of our clients will continue to set us apart in wealth management.”

- Jürg Haller
Chairman of the Board of Bank J. Safra Sarasin