Operating as a money center bank from 1973 through 2000, Republic National Bank of New York (“RNB”) had offices in 38 countries and clients in 85 countries with total assets of $50 billion. It was the flagship of the banking empire of the late Edmond Safra.
A global leader in private banking, RNB traded in gold and other precious metals as well as was actively involved in emerging markets investments. It was known for its conservative approach to protecting clients’ assets and for its global and knowledgeable market operations.
NuVerse Advisors LLC was established in 2001 to provide highly personalized wealth management and financial advisory services to a select international and domestic clientele. While NuVerse provides high-net-worth individuals and institutions with the most up-to-date financial advice and management services, it maintains the old-world style of dedication to client service, discretion and conservatism that were the hallmarks of the legendary Edmond J. Safra’s banks, with which the three managing partners of NuVerse held top executive management positions.
Elias Saal, Stephen J. Saali and Dov C. Schlein established NuVerse following the sale of Republic New York Corporation, parent company of Republic National Bank of New York, to HSBC Holdings for $10 billion. Prior to the sale of Republic, Mr. Saal was president of the bank and chairman of the executive committee of both the corporation and the bank, Mr. Schlein was chairman of the board and chief executive officer of both the corporation and the bank, and Mr. Saali was president of the corporation and vice chairman of the bank.
NuVerse offers specialized solutions to its clients, including private equity investments, individually managed accounts, consulting and investment banking services. Working closely with the client to determine investment objectives and risk tolerance, the NuVerse relationship manager will guide the client in deciding the ways in which NuVerse can best help the client build wealth .
In addition to the managing partners, both our legal and accounting staffs are headed by individuals with more than 30 years of experience. NuVerse is registered as an investment advisor with the Securities and Exchange Commission and as a commodity trading advisor registered with the National Futures Association and regulated by the Commodity Futures Trading Commission. KPMG is the auditor for NuVerse Advisors.
With clients in Europe, the Americas and the Middle East, NuVerse Advisors LLC has been carrying the Republic National Bank legacy forward.
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