Sarasin's Enid Yip targets Asia RMs, Shanghai rep office

The Swiss bank’s Asia CEO wants more relationship managers on board by the first quarter next year and sees establishing a China presence as the big challenge for 2011.
Enid Yip: Shanghai goal
Enid Yip: Shanghai goal

Bank Sarasin plans to hire a handful of relationship managers and back-office staff for North and Southeast Asia by the end of the first quarter next year, its regional chief Enid Yip revealed yesterday.

She also suggested the bank’s biggest challenge for 2011 would be establishing a representative office in Shanghai. Yip estimates that the firm will submit its application by the middle of next year making a January report that its Shanghai rep office was planned for the third quarter of this year appear optimistic.

Yip was speaking after the Swiss boutique announced the appointment of Michael Coglin as its first Asia-based chief investment officer. He started as a managing director...

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