The transaction is part of the international strategy formulated by the Bank’s Board of Directors and Management to strengthen its activities in the international arena.

Founded in 1953, Banque Safdie is a Geneva-based private bank with operations in Zurich, Lugano, Luxembourg, and a representative office in Israel. It manages customer assets totalling nearly CHF 3 billion.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Post-acquisition, Leumi plans to integrate Banque Safdie into Leumi Switzerland.

"The merger with Safdie is another step in establishing Leumi as a leading bank in the international arena," said Zvi Itskovitch, Leumi’s head of the Private and International Banking division.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.