Company Overview of Banco Safra S.A.
Banco Safra S.A., together with its subsidiaries, provides various financial services in Brazil. Its activities include traditional lending operations, as well as leasing, securities underwriting, investment fund management, brokerage, insurance, financing and investment, and credit card operations. The company also engages in foreign exchange, credit, commercial leasing, trade financing, asset management, and treasury operations; brokerage and distribution of securities; management of credit cards and investment funds; and managed portfolios. Banco Safra S.A. is headquartered in São Paulo, Brazil.
Av. Paulista, 2100
São Paulo, SP 01310-930
Key Executives for Banco Safra S.A.
Member of Administration Board and Director
President of Administration Board
Member of Administration Board
Member of Administration Board
Compensation as of Fiscal Year 2013.
Banco Safra S.A. Key Developments
Banco Safra's Unit Reportedly To Acquire HSBC's Monaco Unit; HSBC Mulls To Sell Swiss Private Bank
Jun 7 13
A unit of Banco Safra S.A. has approached HSBC Holdings plc (LSE:HSBA) in order to acquire its Monaco private bank, three people with knowledge of the situation said. HSBC Holdings is also seeking to sell Swiss private bank, people added. The Monaco unit may be valued at $600 million to $700 million, one of the people said, asking not to be identified as the details are private. HSBC has also made informal approaches to potential buyers for parts of its Swiss private bank over the past month, one of the people said. No final decision has been made on either unit, the people added. A spokesman for HSBC in Zurich declined to comment. HSBC's shares fell 1.1% to 692 pence.
Generali Reportedly Not Got Enough Bids For BSI
May 7 13
Assicurazioni Generali S.p.A. (BIT:G) has not got bids of substantial amount it expected for BSI SA, four people familiar with the situation said. BSI attracted bids below its estimated CHF 2.3 billion book value, people added. A consortium made up of Apollo Global Management, LLC (NYSE:APO) and Bankinter, S.A. (CATS:BKT) which is seen as the frontrunner to buy BSI, also offered substantially less than Generali estimate in 2012 of its worth, two of the people with direct knowledge of the matter said. Generali is now left with two options selling BSI for less than it thinks is its underlying value, or calling the sale off, sources added. Also, one of the sources added that Generali could decide to call off the sale and explore other options such as a public listing of BSI. Also, Banco Safra S.A. and Hony Capital (Beijing) Co., Ltd., earlier expressed an interest for BSI. It is however not clear if they are still interested, the sources said. Safra declined to comment, Hony Capital was not immediately available for comment. Generali, Bankinter and Apollo declined to comment to Reuters.
Bankinter, Apollo Reportedly Preparing Bid for BSI
Mar 5 13
Apollo Global Management, LLC and Bankinter, S.A. are preparing to bid for acquisition of Assicurazioni Generali S.p.A.'s BSI SA. in a transaction worth to €2 billion, three people with knowledge of the matter said. Banco Safra S.A. and Industrial and Commercial Bank of China Limited (ICBC) are also bidding, two of the people said. Sumitomo Corporation, Mizuho Bank, Ltd., a Chinese private equity fund as well as players in Qatar and Abu Dhabi have expressed their interest in BSI, but have not made offers so far, one of the sources said. According to Reuters, Bankinter, Apollo, Generali and BSI declined to comment and Safra and ICBC were not immediately available for comment.
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