Swiss private bank Banque Syz experiences intergenerational family split due to disagreements over cryptocurrency strategy.

According to Bloomberg, a generational split has erupted within the Geneva-based private bank Banque Syz SA. Marc Syz, son of founder Eric Syz, has left Banque Syz along with his business partner Richard Byworth, sparked by fundamental disagreements over cryptocurrency strategy. Reportedly, Marc Syz previously led Banque Syz's alternative assets division, Syz Capital, and planned to bring Bitcoin treasury company Future Holdings AG under its umbrella, a plan that failed to gain his father Eric Syz's approval. Following his departure, Marc Syz and Richard Byworth have focused on pursuing a dual listing for Future Holdings AG. Marc Syz stated that Future Holdings will become Europe's largest Bitcoin treasury company.