Scobag Privatbank AG was founded in 1968 by Paul Sacher as independent asset management and trust company. In 1986 the asset management company was converted into a bank. Scobag Privatbank AG is headquartered in Basel. The bank is owned by the Hoffmann and the Oeri families, descendants of Fritz Hoffmann-La Roche and owner of the pharmaceutical company Hoffmann-La Roche. Scobag employs around 30 people. The bank manages the assets of several dozen charitable foundations, including the Paul Sacher Foundation and the Steineck Foundation of Gisela and Andreas Oeri-Trefzer, bearer of the “Spielzeug Welten Museum Basel”.
Scobag Privatbank manages the assets of the Roche heritage families Oeri and Hoffmann. In 2018, as part of the celebration of the 50th anniversary, the bank wanted to begin a new area. Scobag reshuffled both its presidency on the board and also changed the CEO.
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Philosophy and Strategy
For private banking clients Scobag has been a discreet address for their concerns for decades. The bank is managing the client’s assets in an independent and personal way. The bank does not have a minimum deposit.
Scobag’s brings their advice and support to a simple formula:
Family Office x Private Banking = Family Banking
Scobag has its own approach to financial services. The personal care of the customer stands on top of everything. The bank is committed to a business model with direct and regular contact to the customer. The customers know the bank and the bank knows the customers and their needs. The wishes and needs of the customers have priority and the solutions arise in a dialogue and are stringently implemented thanks to the bank’s many years of experience in asset management.
Traditionally, Scobag is anchored in the foundation business. The bank provides added value for customers who are interested in this field.
The customers are not fed with finished products, however for each client an individual solution is presented.
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Services and Solutions Scobag Privatbank is specialized in asset management and related financial and advisory services. The bank is organized as a multi-family office.
The philosophy Scobag Privatbank is working for is called – family banking. It is a close collaboration with individuals, families and charitable foundations. Customer relationships are long-term, and the careful decisions made are for generations to come. The services Scobag offers are broadly diversified. Asset management and investment advice are complemented with a diverse range of other services.
The services include:
Succession and inheritance advice – prenuptial agreements, inheritance contracts, final dispositions and wills
Retirement planning and advice – retirement vs. early retirement, tax optimization, asset organization
Foundations and companies – asset management, foundation, administration, accounting, payments
Together we can achieve more, therefore Scobag is working very closely with the customers. The long-term success and well-being is the focus of asset management. The wishes and needs are carefully assessed and incorporated into the established investment strategy. Asset management mandates always follow these principles: first the basic investment strategy is defined with the client, then asset management is performed according to previously agreed principles. If the clients wish to manage their assets independently, then Scobag is happy to advise them with their experience. The client is regularly informed about market development and special topics.
Selecting investments and managing assets is based on seven fundamental principles: value orientation, independence, simplicity, quality, liquidity, active acting and sustainability.
Value orientation Scobag preserves and increases the assets of their customers in the long-term. By systematic analysis the bank selects investments that offer both value-added potential and security. The bank carefully selects the companies and combines them into a portfolio.
Independence Scobag is free of conflicts of interest. There are no hidden revenues.
Simplicity What convinces Scboag the most, are clear solutions. It is important that the client transparently understands how and where his money is invested. Scobag invests in direct investments. Quality The central role of Scobag’s investment universe plays marketable shares of companies with sound business conduct and long-term prospects for success. The companies act responsibly. Only first-class corporate bonds with an investment grade are chosen for investment.
Liquidity The investment is primarily made in liquid securities that can be traded at any time. This can almost exclusively be done via direct investment, which has sufficient market liquidity. Hedge funds are excluded from Scobag’s asset allocation.
Active acting The investment tactics are closely aligned with the economic environment and the current state of the financial markets. These factors serve for the decision making for various activities like the liquidity held, the breakdown of bonds by duration and currencies and the orientation of the equity portfolio into defensive and cyclical companies.
Sustainability When selecting investments, Scobag attaches the utmost importance to a sustainable business behavior and model. Environmental, social and ecological criterias are constantly reviewed.
The services for foundations are geared toward their activities as nonprofit organizations. The collaboration is effective and simple. The assets of the charitable foundations are invested according to the same long-term principles as the assets of the private clients.
The services are:
Reporting to the supervisory authority
Coordination of external auditors
Risk Management Scobag Privatbank AG has a strong focus on risk management and compliance, and this will increase the confidence in the bank and improve the market position.
The Risk Management Committee is the primary advisory committee to the Board of Directors on matters relating to risk and compliance. The Risk Committee is proposing the risk management framework and advises the Board accordingly. It also monitors the risk profile and reports on the state of risks culture within the bank. The Risk Committee also oversees the strategy for capital and liquidity management as well as the management of the relevant risks like the credit risk, the market risk, the liquidity risk, the operational risk, and the reputational risk.
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Scobag’s total assets are 973.95 million CHF at the end of 2017. Otherwise Scobag is not publishing any figures.
In 1992 Scobag established its foundation, the Kunigunde and Heinrich Foundation. The foundation supports in particular needy people in the Northwestern part of Switzerland, who have been hit hard by illness or strokes of fate. Non-profit organizations that are also committed to these people are also supported. Since the establishment of the foundation, Scobag granted more than CHF 3 million.
We act exclusively in the interests of the client.
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Few banks do not disclose their Annual Reports to the public. Therefore, we collected reliable information on a best-efforts basis. We renounced to collecting information from unreliable sources. Until today, Swiss law does not impose the duty of publication to the banks as it is the case in the EU. Therefore, for a few banks, the information from the annual reports was not summarized and published.
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