Banque J Safra Sarasin (Luxembourg) has expanded its private banking service in the Netherlands with new office in Amsterdam.

To be located in the Rembrandt Tower, the new office will function as a branch of Banque J. Safra Sarasin (Luxembourg).

It will be headed by Marvin Kreuger, who will report to Banque J. Safra Sarasin (Luxembourg) CEO Jules Moor.

Kreuger and his team will offer customised investment solutions to wealthy Dutch private clients.

Commenting on the move, Moor said: “This is a clear confirmation of our commitment to the Dutch market. We are happy to have Marvin and the team joining the Bank and contribute with their experience and expertise to its continued success.

“Strengthened by the new team members and local presence, the Bank is now even better equipped to serve its clients in this strategically important market.”

Kreuger added: “In today’s markets, the bank’s solidity, family ownership and long-term strategic objective of focusing on private banking clients, together with its role as a pioneer in sustainable investments for more than 30 years, will certainly be a key to success.”

Earlier this month, the group selected ex-UBS veteran Jürg Haller as the new chairman of Bank J. Safra Sarasin.

And in July this year, J. Safra Sarasin Group concluded the takeover of the Gibraltar private banking operations of Lombard Odier.