03-23 13:42 Monday
Swiss private bank Banque Syz is embroiled in internal strife over cryptocurrency strategy disagreements, with the founder's son leaving to start his own firm.
According to Bloomberg, a generational split has erupted within the Geneva-based private bank Banque Syz SA. Marc Syz, son of founder Eric Syz, has left Banque Syz along with his business partner Richard Byworth, sparked by fundamental disagreements over cryptocurrency strategy. According to CoinJie.com, Marc Syz previously led Banque Syz's alternative assets division, Syz Capital, and planned to bring Bitcoin treasury company Future Holdings AG under its umbrella. However, this plan failed to gain his father Eric Syz's approval. Following his departure, Marc Syz and Richard Byworth have shifted their focus to pursuing a dual listing for Future Holdings AG. Marc Syz stated that Future Holdings will become the largest Bitcoin treasury company in Europe.
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