euro adhoc: Bank Sarasin + Cie AG
Personnel
Change of management in the
Trading & Logistics division
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.09.2007
Bank Sarasin & Co. Ltd and Andreas R. Sarasin are parting company due to differences of opinion about the direction of Bank Sarasin. Andreas R. Sarasin, who has spent the last 25 years working for Bank Sarasin, is stepping down from the Executive Committee and leaving the Bank with immediate effect. The Board of Directors and Executive Committee regret the circumstances that led up to this decision. At the same time they would like to thank Andreas R. Sarasin for his valuable contribution to the bank over the years. Joachim H. Straehle, CEO of Bank Sarasin, will take over the division as acting head of Trading & Logistics. At the same time, the business unit Trading will be transferred to the Asset Management, Products & Sales division, where it will be integrated as an additional business unit.
Andreas R. Sarasin has worked for Bank Sarasin since 1982. As Head of Logistics, he became a partner in the bank in 1994 and a member of the Group Executive Board. After the bank´s change of manage-ment structure in July 2005 he also took on responsibility for our Trading activities. More recently Andreas R. Sarasin also acted as project manager for the integration of the international private banking units acquired from Rabobank, the rollout of the standard banking software Avaloq, and the replacement of our old E-Commerce platform with a state-of-the-art global E-Banking, Internet and Intranet solution.
For more information please contact: Benedikt Gratzl, Head of Corporate Communications, Media Relations Telephone +41 (0)61 277 70 88 e-mail: benedikt.gratzl@sarasin.ch
end of announcement euro adhoc 21.09.2007 17:47:29
Further inquiry note:
For more information please contact:
Benedikt Gratzl, Head of Corporate Communications, Media Relations
Telephone +41 (0)61 277 70 88 e-mail: benedikt.gratzl@sarasin.ch
Branche: Banking
ISIN: CH0002267737
WKN: 872869
Index: SPI
Börsen: SWX Swiss Exchange / regulated dealing