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Valartis Group AG

euro adhoc: Valartis Group AG
other
Valartis Bank establishes a representative office in London

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
11.01.2008
Valartis Bank AG, Zurich and Geneva, has opened a representative 
office in London. The new office will be headed by Kurt Steiner. He 
will be responsible for continuing to grow Valartis´ wealth 
management business in Eastern Europe.
Expanding Valartis´ wealth management business in Eastern Europe In 
its efforts to grow the wealth management business Valartis Bank has 
established a representative office in London. The bank appointed 
Kurt Steiner, who joined the company in January 2008 as managing 
director, to head the newly opened London office. He will be 
responsible for continuing to grow Valartis Bank´s wealth management 
business in Eastern Europe. Mr Steiner will be based in London and 
will report directly to Michel Arni, Head Wealth Management and 
Member of the Executive Board of Valartis Group.
Gustav Stenbolt, CEO of Valartis Bank, said: "Eastern Europe, 
including Russia and the other CIS states of the former Soviet Union 
is a market with huge potential. Valartis Bank´s aim is to expand its
share of this market. We are convinced that Kurt will be a valuable 
reinforcement for the wealth management business of Valartis Bank. 
His background enables him to provide added value to both our clients
and ourselves. We now have a strong team, with which we will be able 
to successfully pursue our growth strategy in our core markets."
Prior to joining Valartis Bank, Mr Steiner worked for Credit Suisse 
in London as Global Head Russia (UK). Prior to that, he worked for 
UBS for 13 years in Zurich and London in various senior management 
positions in investment banking and wealth management. Mr Steiner has
more than 20 years experience in the Eastern European market and has 
an excellent track record.
end of announcement                               euro adhoc

Further inquiry note:

Gustav Stenbolt, CEO
Phone +41 43 336 81 11

Branche: Financial & Business Services
ISIN: CH0001840450
WKN: 184045
Index: SPI, SPIEX, SSCI
Börsen: SWX Swiss Exchange / official market

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Weitere Storys: Valartis Group AG