Saturday, 21st November 2009

 

10 September 2008 - Tara Loader Wilkinson

Sarasin launches new office and private banking team

Bank Sarasin, the Swiss private bank, has been given the green light to launch its new office the Swiss, Berne. The bank said it will build a new private banking team to service wealthy clients in the region.

The Swiss Federal Banking Commission approved the bank's request for approval today.

"The Berne region provides extremely interesting growth perspectives for Bank Sarasin", said Eric Sarasin, head of private and institutional clients at the Switzerland division. "We want to exploit these opportunities and furthe strengthen our position as a leading Swiss Private Bank by opening a new branch office in Berne."

The bank did not comment further on the size of the team or whether it would be incorporate any new hires.

Tags: Bank Sarasin , Switzerland

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Comment: Prince William seals the ascent of hedge funds
  3. Lombard Odier hires from Coutts
  4. Citi Private Bank poaches senior Merrill executive
  5. How The Rich Are Different: Recession Hits Investment Psyche

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from Private banking

  1. Stanhope Capital grows staff by 50%
  2. Moody's Downgrades UBS Ratings
  3. Santander merges asset management and private banking
  4. UBS Outlines Path to Profit
  5. McCann spells out UBS wealth plans on investor day debut

Related Content

  1. Swiss private bank merges with US hedge fund
  2. Switzerland designs tax cuts to woo funds
  3. Investec hires for Switzerland on increased demand
  4. Clariden Leu hires Citigroup private banker for Asian operations
  5. Julius Baer director appointed senior partner at trust company

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347