Swiss bank completes acquisition of BMO Private bank in Singapore, Hong Kong

The acquisition includes clients and BMO’s relationship management team.

Private Swiss bank J. Safra Sarasin Group reported it has completed the acquisition of the Bank of Montreal’s (BMO) Private Banking Business in Hong Kong and Singapore.

“This acquisition marks another step in the implementation of the Group’s international growth strategy and will allow the Group to further enhance its successful presence in Asia,” Jacob J. Safra, chairman of J. Safra Sarasin Group, said.

“We would like to thank Bank of Montreal for its cooperation and constructive support since the transaction was announced in January 2021.”

The acquisition includes clients and BMO’s relationship management team.

J. Safra Sarasin noted the “well-diversified client base” of BMO is expected to compliment their private banking business.

Bank J. Safra Sarasin Ltd, Hong Kong and Singapore branches are locally regulated and registered institutions.

Also Read

Cambodia enables QR payments from foreign e-wallets through Alipay+

Hong Kong to rename ‘virtual banks’ to ‘digital banks’

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit