Syz, a Geneva-based wealth and asset management boutique, will start selling a typical retail-banking product. It developed the product with a real-estate specialist from Zurich.
Banque Syz will start offering mortgages to its wealthy clientele, the institute said in a statement on Thursday.
This type of financing also allows private banking clients to diversify their portfolio of assets, the bank said and Swiss-based clients enjoy tax advantages.
Cooperation With Real-Estate Specialist
Financing will be available for clients only and are limited to Swiss properties. Mortgages will be sold for residential housing, business properties or luxury homes, Syz said.
The bank developed the offering together with Avobis, a Zurich-based real-estate specialist, which is boosting its business in French-speaking Switzerland. The company recently had an abrupt change in the executive.
