 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1951 |
| Headquarters | Johannesburg, South Africa Hong Kong |
Key people | Michael SassoonChief Executive Officer |
| Products | Loans,savings,checking,investments,debit cards,credit cards |
| Website | www |
Sasfin Holdings Limited is a South African based bank-controlling company that listed on theJohannesburg Stock Exchange (JSE) in 1987. Sasfin and its subsidiaries, notably Sasfin Bank Limited, provide financial products and services for business and wealth clients.[1] Sasfin is currently led by CEO Michael Sassoon, and is headquartered inJohannesburg,South Africa. It has several regional offices, as well as an office inHong Kong.[2]
Sasfin was founded in 1951, and for several decades, its target market was the entrepreneur and small and medium enterprises. Following the granting of Sasfin's banking licence in 1999 and the acquisition of stockbroking firm Frankel Pollak (with a legacy dating back to 1890) in 2000, Sasfin's target was expanded to include high-net-worth individuals and corporates.[1]
TheDaily Maverick reported that theSouth African Revenue Service (SARS) had found evidence that Sasfin employees had helped facilitate the laundering and illegal transfer of R3 billion (US$172 million) out of South Africa on behalf ofGold Leaf Tobacco Corporation (GLTC) in 2017.[3] GLTC had allegedly made the money from theillicit sale of tobacco products in South Africa.[3] Sasfin CEO Michael Sassoon stated that "Sasfin commits fully to cooperating with the authorities to ensure that justice prevails and will take rigorous action against any employees who may be identified as having participated in misconduct,"[3] closed its account with GLTC and suspended two employees.[4]
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 | This African bank or banking-related article is astub. You can help Wikipedia byexpanding it. |
 | This South African corporation or company article is astub. You can help Wikipedia byexpanding it. |
