Tuesday, 2nd December 2008

 

Bank Sarasin appoints new regional head of private banking

Bank Sarasin has appointed Werner Rueegg as its new head of private banking for the Swiss city of Basel.

Rueegg replaces Thomas Vonaesch, who Sarasin said will now look after selected clients based in Basel.

In a statement, the Swiss bank said it plans to "substantially expand its private clients business in Basel, where the private bank has its headquarters.

Rueegg joins from Credit Suisse, where he was head of the private banking unit for Northwest Switzerland.

Brummel

Headline

Mayfair goes Modern

Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.

Rich Monitor

New York financier backs social networking portal for millionaires

Frank DeRose, the New York financier in charge of Furrata Capital, plans to invest at least $1m (€791,922) of his own money into Total Prestige, a 15-year-old worldwide social-networking company aimed at establishing an exclusive online community for millionaires, according to a report in New York Post.

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