Swiss Syz Bank Rocked by Generational Discord as Founder's Son Flees with Crypto Project

**March 23** Swiss private bank Syz Bank is facing a family dispute after Marc Syz—son of founder Eric Syz—resigned alongside business partner Richard Byworth over disagreements about the firm’s direction. The rift centers on whether to add cryptocurrency firm Future Holdings AG to Syz Capital, the bank’s alternative asset division. Marc has pushed for ramping up investment in alternative assets, artificial intelligence, and digital assets, but the bank’s board rejected the plan over risk concerns. Marc is now advancing Future Holdings’ dual listing in Sweden and Switzerland, aiming to turn it into Europe’s largest Bitcoin asset company. Under Marc’s leadership, Syz Capital managed roughly 2 billion Swiss francs (about $2.5 billion) in assets. Some funds have seen outflows since his departure, and the bank has also undergone other executive changes—including the resignation of its chief operating officer (COO) and several other leaders. Marc and Byworth still hold approximately 25% of Syz Capital’s shares; it remains unclear whether they will retain their shareholder status going forward. Both are also planning to launch a separate asset management firm focused on alternative strategies for capital preservation and growth. In a statement via a spokesperson, Syz Bank noted that alternative investments remain a core pillar of its business but declined to comment on the specifics of the resignations.