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J. Safra Sarasin is the sixth largest Swiss Bank. J. Safra Sarasin is represented worldwide in 26 locations in Europe, Asia, the Middle East and Latin America. The Group's head office is in Basel, Switzerland. It was formed in 2013 when Safra Group acquired Bank Sarasin, and merged it with the group company Bank Jacob Safra Switzerland.
In 1955, Joseph's 23-year-old brother, Edmond Safra, and his father, Jacob Safra, started working in Brazil by financing assets in São Paulo.However soon, Edmond Safra separated from his brothers Joseph and Moise and headed to New York City where he founded the Republic National Bank of New York (which he later sold to HSBC in 1999 and donated most of his money to the Edmond Safra Foundation).
The Safra family is a prominent Brazilian family of Syrian Jewish descent. [ 1 ] [ 2 ] [ 3 ] The Safras were bankers and gold traders originally from Aleppo. [ 4 ] [ 5 ] During the time of the Ottoman Empire they were engaged in the financing of caravan trade between Beirut , Aleppo , Istanbul and Alexandria .
By Carrie Hojnicki. Joseph Safra is the richest banker in the world, according to Forbes. And, incidentally, the name Safra means yellow, or gold, in Arabic.
Edmond J. Safra (Arabic: ادموند يعقوب صفرا; 6 August 1932 – 3 December 1999) 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. [4]
J. Safra Sarasin (formerly Bank Sarasin & Co. Ltd) is a Swiss private bank, founded in 1841 and headquartered in Basel, Switzerland. [1] 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.
Christie's Auction House sold billionaire Jaqui Safra prized collection of Albert Einstein's "Love Letters" at "fire sale" prices to boost profits, court papers allege.
Bank Jacob Safra (Suisse) AG was a full-service commercial banking institution headquartered in Geneva, Switzerland.As part of the Safra Group of financial institutions, in 2013, it merged with Bank Sarasin & Cie, when that bank was purchased by the Safra Group, with the combined entity being named J. Safra Sarasin.