Sarasin Rabo hires Enid Yip from Credit Suisse

Yip will join the investment management firm as vice chairman.
Sarasin Rabo Investment Management, a subsidiary of a Swiss private bank, has appointed Enid Yip as vice chairman in Asia. Yip will assume the newly created position at Sarasin Rabo in early June, having left her job as Hong Kong branch manager at Credit Suisse.

Based in Hong Kong, Yip will provide strategic advice to Kenneth YS Sit, chief executive officer of Bank Sarasin-Rabo (Asia), particularly on client coverage. She will also play a dynamic role and be a mentor for the companyÆs staff in the region.

ôEnid is deeply respected as one of the most reputable private bankers in Asia. She is a great asset not only for our clients, but for our staff who will benefit tremendously from her profound expertise,ö says Fidelis Goetz, Bank SarasinÆs head of division international. ôShe will make a substantial contribution as we work to grow our business in Asia.ö

ôEnid is one of the most prominent figures in the Asian banking community and will be a key figure in attracting more talented people to Sarasin Rabo,ö adds Sit.

With Credit Suisse for nearly 10 years, Yip helped the bank expand its representative office in Hong Kong from a branch with 35 staff to 250. Joining the bank as a relationship manager she was promoted to branch manager in 2004. Before she joined the Swiss bank, she worked with Creditanstalt, Bank Indosuez and Chase Manhattan. She has more than 18 yearsÆ experience in private banking.

Bank Sarasin is a Swiss private banking institution with close to $60 billion of assets under management in 2006. Its 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. As a subsidiary of the bank, Sarasin RaboÆs core business includes the provision of investment advisory and wealth management services for both private and institutional clients.
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