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| Company type | Privately held company |
|---|---|
| Industry | Private Banking |
| Founded | 1987 |
| Headquarters | New York City, United States |
Key people |
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Number of employees | 300 |
| Parent | Safra Group |
| Website | https://www.safra.com/ |
Safra National Bank of New York is an American privately held bank based in New York City, which provides services in investment banking, private banking, and asset management, to high-net-worth individuals, businesses, family offices and sophisticated investors in the U.S. and internationally.
Safra National Bank of New York is part of the J. Safra Group, which consists of privately owned banks under the Safra name, such as Banco Safra S.A. and J. Safra Sarasin, all independent from one another with more than 170 locations worldwide. The Group is also known for its investment holdings in asset based business sectors, such as real estate, owning more than 200 premier commercial, retail and farmland buildings properties worldwide, such as New York City’s 660 Madison Avenue office complex and London’s iconic Gherkin Building [1] and agribusiness, such as the Chiquita Bananas. [2]
Safra National Bank is headquartered in New York City, with branches in Aventura and Palm Beach in Florida and has representative offices in Brazil, Chile, Mexico and Panama. Through its affiliates, it also serves clients in various markets, including Argentina and Uruguay.
Safra National Bank of New York offers a broad portfolio of private banking and financial products and services for sophisticated clients and institutions, such as deposit and checking accounts, credit cards, extensive credit and loan products, commercial real estate, wire transfers, foreign currency accounts and payments, and custody and safekeeping of investments.
The company slogan is: "If you choose to sail upon the seas of banking, build your bank as you would your boat, with the strength to sail safely through any storm." (Jacob Safra)
Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
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Joseph Safra was a Swiss-based Lebanese Brazilian banker and billionaire businessman of Syrian descent. He was Brazil's richest man and the richest banker in the world. He ran the Brazilian banking and investment empire, Safra Group.
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Edmond J. Safra was a Lebanese-Brazilian billionaire banker and philanthropist of Syrian descent. He continued his family tradition of banking in Brazil and Switzerland, and was married to Lily Watkins from 1976 until his death. He died in a fire that attracted wide media interest, and was judicially determined to be due to arson.
Republic New York Corporation was the holding company for Republic National Bank of New York, Safra Republic Holdings, and Safra Republic Bank.
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Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income and/or substantial assets. Private banking is presented by those who provide such services as an exclusive subset of wealth management services, provided to particularly affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers. It has typically consisted of banking services, discretionary asset management, brokerage, limited tax advisory services and some basic concierge services, typically offered through a gateway provided by a single designated relationship manager.
Arbuthnot Latham & Co. Limited, trading as Arbuthnot Latham, is a British private and merchant bank headquartered in London, England. Founded in 1833, it has the status of one of the 12 accepting houses.
Banco Safra is a Brazilian financial services company headquartered in São Paulo. It is the seventh largest banking institution in Brazil and the nineteenth largest in Latin America. It provides services in investment banking, private banking, asset management and retail banking through its neobank AgZero. The bank is part of the financial holding company Safra Group.
The J.Safra Group is an international network of companies controlled by the Vicky Safra family, comprising banking and financial institutions and industrial operations. It is present in the United States, Europe, the Middle East, Latin America, Asia and the Caribbean.
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Bank of America Private Bank was founded in 1853 as the United States Trust Company of New York. It operated independently until 2000, when it was acquired by Charles Schwab, and Co. and subsequently sold to, and became a subsidiary of, Bank of America in 2007. Bank of America Private Bank provides investment management, wealth structuring, and credit and lending services to clients.
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UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Headquartered simultaneously in Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS investment bankers and private bankers are known for their strict bank–client confidentiality and culture of banking secrecy. Because of the bank's large positions in the Americas, EMEA and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank.
CIM Bank is a Swiss private bank. Founded in Geneva in 1990, by Francesco Signorio. Since then the Bank has been continuously growing every year. The Bank actually serves around 10'000 institutional, corporate and private clients worldwide.
J. Safra Sarasin is a Swiss private bank, founded in 1841 and headquartered in Basel, Switzerland. It is currently owned by the Brazilian J. Safra Group, and was formed in its present state in 2013, when Safra Group acquired Bank Sarasin & Co. Ltd, merging it with its Bank Jacob Safra Switzerland subsidiary.