Odaily Planet Daily reports, according to Bloomberg, that Swiss Geneva private bank Banque Syz SA has experienced a family generational split. Marc Syz, son of the bank’s founder Eric Syz, has left Banque Syz alongside his business partner Richard Byworth, following a fundamental disagreement over the bank’s cryptocurrency strategy.
It is reported that Marc Syz previously led Syz Capital, the alternative assets division of Banque Syz, and planned to bring the Bitcoin treasury company Future Holdings AG under its umbrella; however, this proposal did not receive approval from his father, Eric Syz.
After leaving, Marc Syz and Richard Byworth shifted their focus to advancing the dual listing plan for Future Holdings AG. Marc Syz stated that Future Holdings will become Europe’s largest Bitcoin treasury company.