Bank Sarasin opens new representation in Warsaw expanding its presence into Central Europe

Bank Sarasin & Co. Ltd of Basel, Switzerland continues to expand its European network. The Polish Financial Supervision Authority granted the Swiss private bank a permit issued in consultation with the Polish Minister of Finance to open a representative office in Warsaw. The office is registered under the name Bank Sarasin & Co. Ltd S.A. Przedstawicielstwo w Polsce. The local presence enables Bank Sarasin to promote its sustainable Swiss private banking services to wealthy Polish individuals. At the same time the new representation is the latest milestone implementing the bank’s growth strategy also into Central Europe.

Due to its size and its attractive growth rate the Polish private banking market has particular potential for the Sarasin Group. The Senior Representatives of Bank Sarasin in Warsaw, Yves Sarasin and Daniel Raemy, are assigned to introduce the personalised, exceptionally high standard services of Bank Sarasin to Poland.

The opening of the representative office in Warsaw marks the latest step in the successful implementation of the Sarasin Group’s international growth strategy. Prior to the entry to the Polish market and committed to expand its European market share, the Sarasin Group had obtained a full banking license in Germany, opened two offices in Spain and has established a presence in Ireland. The Group’s commitment to a truly global strategy has been demonstrated by its impressive growth in the Middle East, where it added Qatar, Oman and Bahrain, to its successful operations in Dubai. This dynamic expansion has not only added new locations to the Sarasin Group’s existing network in Europe, Asia and the Middle East, it also brought the Sarasin Group’s tailor made services and products closer to its clients across the world.

Yves Sarasin Yves Sarasin started his professional career as a mergers & acquisitions consultant with UBS and later PricewaterhouseCoopers. In 2002, he joined the Sarasin Group and has worked in the private banking department of the bank since. He began as a Client Relationship Manager advising wealthy Swiss clients. After having headed a team of Client Relationship Managers for several years he was appointed to set up a representative office in Warsaw, Poland. Yves Sarasin earned a master degree in business and economics from the University of St. Gallen (HSG) in 1996 and a MBA from the Graduate School of Business of the University of Chicago in 1998.

Daniel Raemy Daniel Raemy joined Bank Sarasin & Co. Ltd on March 1st, 2009. He began his professional career in 1992 with UBS AG in Zurich. After having worked in various departments, he joined the Wealth Management department for Austrian Clients as Relationship Manager in 2000. In 2002, he was appointed as Key Client Advisor for Austria and Central Europe clients. In 2004, he moved to Warsaw as Deputy Head of the UBS representative office in Poland where he was working as Senior Representative. Daniel Raemy earned the Federal Diploma for Expert in Finance and Investments from the Swiss Financial Analysts Association (AZEK) in 2004.