A generational conflict has erupted within a Swiss private banking dynasty over differing views on the future of the family firm and the role of digital assets, reports Bloomberg.
Marc Syz departed from the Geneva-based financial conglomerate Syz Group, owned by his father Eric, along with his business partner Richard Byworth. This followed disagreements over a plan to integrate the crypto treasury company Future Holdings AG into Syz Capital’s alternative assets division.
In discussions with journalists, the younger Syz shared his perspective on the events. His relationship with his father deteriorated after the bank withdrew permission to include Future Holdings within Syz Capital, due to board warnings about significant risks. Marc and Byworth also resigned from the board of the crypto firm.
Marc Syz is now working on a dual listing of Future Holdings in Sweden and Switzerland in collaboration with Stifel Financial Corp. According to the banker, the project aims to become Europe’s largest bitcoin platform, with plans to accumulate 3,500 BTC.
Additionally, Marc and Byworth plan to establish an independent asset management organization to compete with Syz Capital. This new entity will focus on alternative strategies.
Eric Syz and Syz Group declined to provide detailed comments, merely confirming the departure of Syz Capital’s leaders. The bank noted that “alternative investments remain a core focus” of their operations.
Syz Capital was founded in 2018 under the leadership of Marc Syz. By the time of his departure, the firm’s assets under management had grown to approximately 2 billion Swiss francs ($2.5 billion). The parent company, Syz Group, established in 1996, manages around $32 billion.
Back in 2025, analysts at River recorded a record surge in bitcoin adoption by institutional banks, public companies, and governments.