Banque J Safra Sarasin (Luxembourg) SA has launched an operation in Paris, France.
The opening of the branch in France fits in the ongoing strategy of the group to develop its activities in core European markets.
The office will focus on clients domiciled in France, both in the fields of private banking and institutional asset management.
The French branch is headed by Stéphane Pardini and will offer an “attractive alternative” for French high-net-worth individuals, families and institutions, the firm said.
Jules Moor, chief executive of Banque J Safra Sarasin (Luxembourg) SA, said: “This is a clear confirmation of our commitment to the French market. Stéphane has an outstanding reputation and will contribute to the Bank’s continued success with his professionalism and expertise.
“With this new branch, benefitting from our state-of-the-art platform in Luxembourg, the bank is well positioned to serve clients in this strategically important market.”