Bank Sarasin has launched a presence in India and is expected to open its offices in Mumbai and Delhi on July 1. The private bank has incorporated itself in that market as Sarasin-Alpen India Private Limited.
The new operation will provide financial advisory and consultancy services to wealthy private clients in India and distribute select third-party products such as mutual funds. Various agreements have been established with organisations in India to enable the company to distribute funds and provide portfolio management services.
Sarasin considers India a potential major contributor to its growth in Asia.
This is a good time to launch our operations in India, says Fidelis Goetz, head...