Sarasin opens Hong Kong office

The Swiss private bank opens its first branch outside of Switzerland, which is more proof – if you needed it – that the growth story for wealth management is in Asia.

Basel-headquartered Bank Sarasin announced yesterday that it has opened a branch in Hong Kong -- its first branch outside Switzerland.

The full service branch is to be managed by Enid Yip, the bank's chief executive officer for Asia. It will allow clients worldwide to book assets in Hong Kong and offers an alternative to Sarasin's two booking centres -- one in Singapore and the other in Germany -- as well as the booking centre at its headquarters in Switzerland. The branch also offers a dedicated infrastructure to meet the needs of high-net-worth individuals in Asia, which is clearly a growing business for the bank.

The opening of our Hong Kong branch is a historic...

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