Sarasin Is Hiring Private Bankers in Geneva, L’Agefi Reports

Bank Sarasin & Cie AG is adding to its 100 staff in Geneva to cater to French, German, Dutch and Belgian clients, L’Agefi reported, citing a presentation by Eric Sarasin, head of the private banking division.

The Basel-based bank manages 6 billion Swiss francs ($6.4 billion) of client assets from Geneva, the newspaper said.

Sarasin said the bank’s commitment to ensure that all clients are tax compliant within two-and-a-half years has helped attract new money, L’Agefi reported.

To contact the reporter on this story: Warren Giles in Geneva at wgiles@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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