Eric Morin, a private banker with 25 years of experience, has joined Bank Sarasin as its new chief executive for Southeast Asia. He replaces Grace Barki, who left to head RBC Wealth Management’s Southeast Asia business last August.
Morin’s full title is managing director and chief executive officer, Singapore branch and Southeast Asia, according to a statement released on Monday. Based in Singapore, Morin started his job on Monday and reports to Enid Yip, CEO for Asia.
He joins the Swiss private bank and wealth management adviser from BNP Paribas, where he had worked since 1987, most recently as deputy CEO for Southeast Asia, a position he had held since moving to Singapore in 2007. He was also a member of the Asian wealth management executive committee.
“[Morin] is a proven strategic leader, having developed and implemented growth strategies in the region,” said Yip in the statement. “[His] appointment also emphasises our distinct, ongoing commitment to providing exceptional private banking services to our clients.”
Before his Singapore-based role at BNP, Morin had been area manager, emerging markets, covering Asia, the Middle East, Turkey, Latin America and CIS countries since 2004. In various management positions with the French bank, he was also based in New Delhi, Bahrain and Paris.
Bank Sarasin operates in Singapore under an offshore bank licence and is an exempt financial adviser under the Financial Advisers Act. Worldwide it manages client assets worth $106.5 billion and employs 1,700 staff, as at August 2012.