Bank J. Safra Sarasin AG

euro adhoc: Bank Sarasin + Cie AG
Peter Sami joins Bank Sarasin as new head of the Logistics Division

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Management appointment


On 1 May 2008 Peter Sami will take over as Head of the Logistics Division at Bank Sarasin. He assumes the role from Joachim H. Straehle, CEO of Bank Sarasin, who has been acting as temporary head since September 2007. Peter Sami will also sit on Sarasin's Executive Committee. Peter Sami´s main task in his new post will be to continuously develop the bank´s logistical organisation and processes so as to provide full and effective support for Bank Sarasin´s growth strategy.

Sarasin´s Board of Directors has appointed Peter Sami the new Head of the Logistics Division and member of the Executive Committee, with effect from 1 May 2008. Peter Sami joins Bank Sarasin from Swiss Financial Market Services AG, where he was CEO of the Securities Services Division (formerly SIS Swiss Financial Services Group AG up to 31.12.2007). Peter Sami has many years of experience and in-depth industry knowledge, and is extremely well qualified to oversee the Logistics Division´s pivotal role within the bank as it pursues its dynamic expansion strategy.

Joachim H. Straehle, CEO of Bank Sarasin & Co. Ltd: "With Peter Sami on board, I know that the management of the Logistics Division is in extremely capable hands. I am therefore delighted that he will be joining our management team. One of Peter Sami´s priorities will be to implement the SaraFIT project (FIT = Future Information Technology), which was launched in the summer of 2007. Under the SaraFIT project, the direction of our IT Services has been analysed to see how it fits in with our business strategy and future requirements. Once these decisions have been implemented, our back office processes should become even more cost-efficient. The Logistics Division, under Peter Sami´s charge, will therefore make a vital contribution towards us achieving the ambitious Group goals we have set ourselves for 2010."

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ots Originaltext: Bank Sarasin + Cie AG
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Benedikt Gratzl, Head of Corporate Communications, Media Relations
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Branche: Banking
ISIN:      CH0002267737
WKN:        872869
Index:    SPI
Börsen:  SWX Swiss Exchange / regulated dealing

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