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ASA Investments

History

IN 2020, ALBERTO JOSEPH SAFRA, FOUNDED ASA INVESTMENTS AND ASA FAMILLY OFFICE WITH THE GOAL TO CREATE LONG-TERM SUSTAINABLE VALUE THROUGH THE PERFORMANCE OF THESE COMPANIES IN THE ASSET MANAGEMENT SEGMENTS AND IN THE MANAGEMENT OF ITS FOUNDER'S INVESTMENTS.

ASA investments

A ASA Investments é uma gestora de investimentos multiestratégia criada por Alberto Joseph Safra com a missão de gerar retornos consistentes e segurança na gestão de ativos, construindo uma relação de confiança a longo prazo com seus clientes. View our products

ASA Family Office

SPECIALIZED IN THE MANAGEMENT OF THE ONSHORE AND OFFSHORE LIQUID ASSETS PORTFOLIO, ACTING STRATEGICALLY WITHIN THE LONG-TERM VISION OF THE ASA. Go to site

Safra history

In the financial sector, the past plays an unparalleled role in determining the present and providing solid foundations for the future.

Pioneers of the modern banking system

At the beginning of the 19th century, at the height of the Industrial Revolution, the intense commercial movement was financed by promising bankers, who would one day become legends, such as the Rothschilds in Europe, the Rockfellers later in America, and the Safra family in the Middle East. These bankers laid the foundation for a modern banking system, based on improved communication and the growing demand for trade between cities.

International trade
and gold tradition

This movement caused the emergence of an intense exchange of goods between ports and cities in Europe, such as Paris, Nice, Marseille, Madrid, Barcelona, Naples, Trieste, Genoa and Venice, with cities further to the East, such as Alexandria, Athens, Istanbul, Beirut, Damascus, Alepo, Haifa, Tel Aviv and Jerusalem. And it was in this region of the Middle East that a Jewish family, known for a long tradition of dedication to gold financing, became so famous that its surname became the Arabic word to refer to the color of the precious metal: Safra.

Foto Jacob Safra

Alepo and jacob safra

One of the main trading centers of the time was Alepo, a city in northwest Syria. It was there that merchants and goods from the East and the West converged. The city was also home to the Safra family, which, with its cosmopolitan vocation, financed trade and exchanged currencies from different countries in Asia, Europe and Africa, including the “for” of the Ottoman Empire, the “zecchini” of Venice, as well as precious metals like silver and gold. In Alepo, Jacob Safra, the family patriarch, was known for his exceptional ability to mentally calculate the conversion of various currencies and the financing costs of each of his clients.

Safra frères et cie and the expansion

In the mid-19th century, Jacob founded Safra Frères et Cie in Alepo. The institution quickly gained fame and prestige across the Middle East, building a solid reputation. The strong expansion of Safra Frères led the family to open branches in Istanbul, Alexandria and Beirut. In the first half of the 20th century, Beirut was chosen to be the headquarters of Banco Jacob Safra. With his foundation, the patriarch started a new generation of successful bankers. After the Second World War, Jacob Safra expanded his business to Europe and, later, to Latin America and the United States.

Legacy under construction

With the growth of the businesses, their children followed their vocation and expertise in the banking sector, with emphasis on the banker Joseph Safra who built the J. Safra Group, an empire composed of Banco Safra, Banco J. Safra Sarasin, Safra National Bank, in addition to participation in Chiquita Brands International and investments in real estate in Brazil, the United States and Europe.

Today, ASA Investments is another company that continues the family tradition, maintaining the precepts of generations and prospering the name Safra.

Source - Based on the text: The Origins, Safra National Bank

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