Syz Group increased its net profit by 16% in 2023 to CHF 7.5m (£6.6m) in its full-year results.
The company, which encompasses Bank Syz, Syz Capital, and Syz Asset Management maintains CHF 23.1bn assets under management.
While Bank Syz’s operating income rose 1% since 2022, its profit increased 51% to CHF 13.7m.
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Eric Syz, the Syz Group CEO, said: “2023 was an evolutionary year for our three distinct but complementary businesses. We again demonstrated the ability to generate positive results, while continuing to develop our unique proposition and deliver exceptional levels of client service.”
Syz Capital also launched Syz Crest in 2023, a crypto fund of hedge funds.
“We continue to consolidate our client base and deepen our expertise in core markets, while innovating and diversifying across the group,” Syz said.
“We will always retain our relationship banking and entrepreneurial values. This has helped us create a differentiated and client-focused proposition that offers true diversification across asset classes and uncorrelated investments.”
