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

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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 Sarasin’s growth strategy, one
of the main tasks Burkhard Varnholt will face in his new position is
to further develop the bank’s core competences in the areas of asset
management and product development. Burkhard Varnholt will
considerably strengthen the bank’s 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 Switzerland’s leading private banking
institutions. Its sustainable success is based on trust,
confidentiality, expertise and dedication. Bank Sarasin’s 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
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ots Originaltext: Bank Sarasin & Cie AG
Im Internet recherchierbar: http://www.presseportal.de

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