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Abonner Bank J. Safra Sarasin AG

Bank J. Safra Sarasin AG

euro adhoc: Bank Sarasin + Cie AG
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New organisational structure of the Sarasin Group increases focus on clients and markets

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Change within organisational structure
18.11.2008
The Sarasin Group´s growth strategy aims to achieve a strong and 
distinctive positioning as an internationally active Swiss private 
bank. The Board of Directors has underscored this positioning by 
merging the two divisions Private & Institutional Clients Switzerland
and International. In future only one division will therefore be 
responsible for client acquisition and advisory services in the 
Bank´s global private banking activities. At the same time the 
structure of the new division will be organised along the lines of 
the geographical markets targeted by the Bank. The new structure is 
intended to further improve the organisational framework for gearing 
the Bank´s internal business processes to the needs of its private 
clients. The new Private Banking Division will be jointly managed by 
Fidelis M. Goetz and Eric G. Sarasin. The Bank´s new organisational 
structure comes into effect on 1 January 2009.
New organisational structure based on geographical markets instead of
locations The Board of Directors has decided to streamline the 
management structure as of 1 January 2009 (see organisational chart 
on the 2nd page of the media release). This move is designed to 
provide greater focus on clients and geographical markets, and 
thereby improve the growth prospects for assets under management and 
the revenues generated in Sarasin´s core business. Bringing together 
the Sarasin Group´s entire private clients business in one division 
allows the responsibility for sales and marketing activities to be 
clearly delegated. The new organisational structure will therefore be
geared primarily towards the client's domicile rather than the 
locations where the client relationship manager are based. In 
addition the business with external asset managers will be 
transferred from the Asset Management, Products & Sales Division to 
the new Private Banking Division.
Organisational structure geared to future growth Joachim H. Straehle,
Chief Executive Officer of the Sarasin Group: "The Bank´s dynamic 
pace of growth over the last two years has brought about the need for
our internal structures to be optimised. Pooling resources for our 
entire private banking operations in just one division allows for the
alignment of our marketing initiatives in the various target markets 
where our clients are domiciled. This creates the right conditions 
for the further expansion of the Sarasin Group to which we are 
committed in the coming years."
Strengthening of the sales organisation in the institutional clients 
business As of 1 January 2009, the advisory business for 
institutional clients, currently part of the Private & Institutional 
Clients Switzerland Division, will be merged with the wholesale 
business, which involves the marketing of investment products via 
third-party banks and other distribution partners. The importance of 
the risk-reward profile of the asset management offering and of 
investment products for this business has been recognised by making 
it into a new Business Unit in the Asset Management, Products & Sales
Division.
end of announcement                               euro adhoc

Further inquiry note:

Benedikt Gratzl
Corporate Communications
Tel +41 61 277 7088
benedikt.gratzl@sarasin.ch

Branche: Banking
ISIN: CH0002267737
WKN: 872869
Index: SPI
Börsen: SWX Swiss Exchange / regulated dealing

Plus de actualités: Bank J. Safra Sarasin AG
Plus de actualités: Bank J. Safra Sarasin AG