euro adhoc: Bank Sarasin + Cie AG
Personnel
New horizons for the Asset
Management and Product Development of Bank Sarasin: Burkhard P. Varnholt
appointed Chief Investment Officer of Sarasin Group
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
20.03.2007
Basel/Zurich, 20 March 2007
Burkhart P. Varnholt (38) will join Bank Sarasin & Co. Ltd as Chief Investment Officer (CIO) and new Head of the Asset Management, Products & Sales division on 1 September 2007 at the latest, when he takes up his seat on the Executive Committee. As a central player in the successful implementation of Bank Sarasins growth strategy, one of the main tasks Burkhard Varnholt will face in his new position is to further develop the banks core competences in the areas of asset management and product development. Burkhard Varnholt will considerably strengthen the banks innovation drive in developing proprietary products. Until then the Asset Management, Product & Sales division will continue to be managed on an interim basis by Joachim H. Straehle, CEO of the Sarasin Group.
Joachim H. Straehle, CEO of Bank Sarasin & Co. Ltd: "I am delighted to have Burkhard Varnholt on board, whose excellent track record and proven management and specialist banking skills will provide an additional boost to our Asset Management, Products & Sales division. His appointment fills another key position within the bank and is in tune with our recruitment policy of seeking to attract top-quality people. A central component of our growth strategy is to be able to offer innovative and profitable products to all markets we are active in, providing real added value for our clients. Over the next few years we aim to become the top address in customised investment solutions and independent product consulting in private banking."
The Board of Directors has appointed Burkhard Varnholt as a member of the Executive Committee and Head of the Asset Management, Products & Sales division with effect from 1 September 2007 at the latest. Before changing to Bank Sarasin, Burkhard P. Varnholt, worked as Global Head Financial Products & Investment Advisory at Credit Suisse. His skills and knowledge enable him to implement the Sarasin Group growth strategy, also in this business segment. In the area of product development, Burkhard Varnholt will further accelerate the pace of innovation of the bank, supporting its international expansion drive. He will also be in charge to continue the provision of a single investment policy covering the entire Group, ensuring a consistent and attractive performance in the management of institutional and private clients assets.
Burkhard P. Varnholt Born 1968 in Cologne, German citizen, currently living in Zurich; PhD in Economics from the University of St. Gall (HSG). From 1998 until his switch to Bank Sarasin & Co. Ltd, Burkhard P. Varnholt worked for Credit Suisse Private Banking in Zurich. After joining CS as head of the Services and subsequently also the Investment Analysis division, he became Global Head of Financial Products & Investment Advisory in 2002. He was a member of the Global Executive Council from September 2005 onwards. Prior to that, from 1996 to 1998, Burkhard P. Varnholt worked for Morgan Stanley Investment Banking in London. He is also an experienced lecturer, having taught not only at the University of St. Gall (HSG), but also at the Massachusetts Institute of Technology (MIT) and the Stern School of Business, New York University. Burkhard Varnholt has already published over 100 articles and for books. As a keen art lover and collector, Burkhard Varnholt sat on the Acquisitions Committee of the Tate Modern in London. In 2004 he set up the charity Kids of Africa - The Swiss African Orphanage (www.kids-of-africa.com). To date this charity has built and now maintains a village for up to 100 orphaned homeless children in Kampala (Uganda). For more information please contact: Benedikt Gratzl, Corporate Communications, Media Relations Telephone +41 (0)61 277 70 88 e-mail: benedikt.gratzl@sarasin.ch
Bank Sarasin & Co. Ltd - Responsibly yours Founded in 1841, Bank Sarasin is today one of Switzerlands leading private banking institutions. Its sustainable success is based on trust, confidentiality, expertise and dedication. Bank Sarasins core activities include investment advisory and asset management services for private and institutional clients, as well as an investment funds business. Its complementary services extend to corporate finance and financial analysis. The Sarasin Group - headquartered in Basel, Switzerland - employs over 1100 staff. In addition to its headquarters in Basel, the Bank has offices in Zurich, Geneva and Lugano in Switzerland. Internationally, the Sarasin Group has offices in Dubai, Guernsey, Hong Kong, London, Luxembourg, Munich, Paris and Singapore. Bank Sarasin is a limited company. Its shares are listed on the Swiss Stock Exchange, SWX. Its strategic partner Rabobank is the only bank in the world without a state guarantee that enjoys a triple-A rating.
end of announcement euro adhoc 20.03.2007 07:00:00
Further inquiry note:
Dr. Benedikt Gratzl
Head Corporate Communications
T.: +41(61) 277 70 88
Benedikt.Gratzl@sarasin.ch
Branche: Banking
ISIN: CH0002267737
WKN: 872869
Index: SPI
Börsen: SWX Swiss Exchange / regulated dealing