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Syz review

Banque Syz SA

Four stars: protected deposits, a desk for external managers and public ownership.

Booking centreSwitzerland
RegulatorFINMA
Legal formLicence holder
GroupSyz Group
Founded1996
Websitesyzgroup.com
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PPLI.com
Private Bank Rating
4 out of 5 stars
Editorial assessment on UHNW criteria
Reviewed 6 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
4 out of 5, Q4 2026 edition
Not publishedpricing on request
1matter on the record, 2020
Not publishedminimum relationship
The editor's opinion

Why Syz has four stars

Syz earns four stars. A minor regulatory finding in the last ten years, with no serious sanction. What a family should weigh: no fee schedule is published; pricing is given on request.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.

Where Syz stands out

  • A minor regulatory finding in the last ten years, with no serious sanction.
  • Remediation of past findings has been verified by the regulator.
  • Custody assets are protected by statute in the booking centre, with conditions a family should read.
  • Deposits are covered by a statutory protection scheme.
  • The custody terms are public and address most of what a family needs to know.

What to weigh

  • No fee schedule is published; pricing is given on request.
  • No public policy on third-party payments or retrocessions.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

202024 September 2020

FINMA reprimands Bank SYZ for breaches of anti-money laundering regulations (Angolan PEP-linked client)

FINMA opened proceedings in February 2020 and found that the bank did not sufficiently investigate the substantial growth in assets of an Angolan client with PEP links and did not fully clarify high-risk transactions, some involving tens of millions. FINMA reprimanded the bank and will appoint an independent auditor to review corrective measures. FINMA noted the bank met its statutory reporting obligation; the page does not state appeal status.

FINMA has reprimanded the bank for a breach of its duty of due diligence in relation to anti-money laundering.

Independent auditor to review corrective measures.

FINMAFinal decisionPrimary source
Clients and standing

Client experience and financial standing

What clients meet at Syz, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

1.8 out of 5, based on 6 client ratings for this booking centre.

What clients report

No complaints register publishes figures for Banque Syz SA, and the Swiss Banking Ombudsman reports statistics only, without naming banks.

Worth raising with the bank

  • Ask what the bank changed in its due diligence on politically exposed clients after the FINMA reprimand of September 2020 over a client linked to an Angolan politically exposed person.

In the press

What it costs

What Syz charges

Syz does not publish its private banking fees. The site says that pricing is given on request. We searched its website on 6 November 2026 for a fee schedule, a tariff or a pricing page. We read its legal, documents and client information pages and searched the site in each language it uses. 96 of the 151 banks we cover publish theirs. A family cannot see what a relationship with Syz would cost before asking, so the cost transparency element of the PPLI.com rating gives Syz no credit for a published schedule, and the bank cannot be placed in our fee comparison. If Syz publishes a schedule, we will read it and add it in the next edition.

Pricing not published

Banks that publish their fees, and how they compare, are listed on the comparison page. If you hold a proposal from Syz, our editors can place it against the published fees of other banks in confidence: write to [email protected].

The bank at a glance

Identity, protection and services

Legal identity

Legal nameBanque Syz SA
LEI54930077IZ2P7FXZ1K36
LicenceBank  Source
RegulatorFINMA
Legal formLicence holder
OwnerNot published  Source

Ownership

Group parentSyz Group holding company  Source
ControlSyz family (Eric Syz, Group CEO, described as majority shareholder); family owned  Source (2 November 2026)
Holder of 10% or moreEric Syz in Syz Group holding company  Source (June 2014)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot yet on file
CET1 solvency ratio24.6% Source
Assets under managementCHF 27.9 bn (31 Dec 2025)  Source

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot accepted
Fee scheduleNot published
Third party paymentsPublished  Source
Transfer out termsPublished  Source

Protection of client assets

Deposit protectionAll banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Custody lawSwiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Custody termsPublished  Source

Before opening an account

  • Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately.
  • Account eligibility. Ask for the opening and ongoing minimum for the service you need, and confirm whether the bank measures it per account, per legal entity or across the family relationship.
  • Written pricing. Ask for a quote that covers the account you would actually open, including fees charged by third parties and the cost of moving assets out.
Your experience

Rate Syz

If you bank with Syz or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Syz or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

All 13 documents cited on this page, by subject.

Regulatory and legal record

  1. FINMA: FINMA reprimands Bank SYZ for breaches of anti-money laundering regulations (Angolan PEP-linked client), 24 September 2020finma.ch

Client experience and press

  1. Allnews: La Banque Syz nomme Nicolas Syz au poste de CEO, 19 January 2026allnews.ch
  2. Allnews: Départ du directeur général de Banque Syz en 2026, 31 March 2025allnews.ch

Identity, ownership, finances and services

  1. FINMA: Bewilligungstraeger (PDF)finma.ch · Licence
  2. Syzsyzgroup.com · Owner
  3. Syz: About ussyzgroup.com · Group parent
  4. en.wikipedia.org: Banque SYZen.wikipedia.org · Holder of 10% or more
  5. Syz: Wealth planningsyzgroup.com · Services
  6. Syz: Family investment office 0syzgroup.com · Services
  7. Syz multi custodysyzgroup.com · Services
  8. Syz: External asset managerssyzgroup.com · Services
  9. Syz: 001 2 EN General Terms And Conditions 2026 01 1 (PDF)syzgroup.com · Third party payments

The bank

  1. Syz, websitesyzgroup.com

For Syz

Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-CH-SYZ-D21178.

Reviewing this file with us

Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.

If you represent Syz, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.

The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.

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About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Reference BK-CH-SYZ-D21178
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