Bank Sarasin is based in Switzerland and is majority owned by the triple A rated Rabobank.
The benchmark Banker Middle East Awards were announced in Doha, and included a qualitative and quantitative review of services & products in private banking. The award is particularly significant since the bank started operations in the Middle East in early 2005, resonating yet another incredible 'DUBAI' success story.
Joachim H. Straehle, CEO of Bank Sarasin & Co. Ltd said the Bank was delighted to be recognized with the distinguished award within two years of its operations in the Middle East.
"Our biggest advantage as a new entrant in the highly competitive private banking industry in the Middle East is our understanding of the region. Each individual within our team brings in expertise, long-standing experience, professional integrity and enjoys the trust of some of the most prominent individuals & intuitions in the region", said Fidelis M. Goetz, Chairman of Bank Sarasin-Alpen.
Estimates indicate that there are approximately 300,000 High Net Worth Individuals (HNWI) and Ultra High Net Worth Individuals (UHNWI) in the region, and the number of wealthy individuals is rising by 10% in the region. The Bank, however, has grown by 100% plus in the past two years of its operations at the Dubai International Financial Centre (DIFC) and is soon expected to expand its operations to other key financial centres in the region.
"One of the main reasons for our success is our unique value based approach, which combines the capability of our associate Investment Bank (Alpen Capital) to leverage our Private Banking business", says Rohit Walia, CEO & MD of Bank Sarasin-Alpen.
The company is acknowledged for its 360-degrees overview of customer profiles.
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Bank Sarasin-Alpen wins 'Private Bank of the Year-2007' Award from Banker Middle East
- United Arab Emirates: Monday, May 21 - 2007 at 11:30
- PRESS RELEASE
Bank Sarasin-Alpen (ME) Limited a subsidiary of Bank Sarasin Co. Ltd, Switzerland, has recently earned the accolade of the 'Best Private Bank of Year-2007' in the prestigious Banker Middle East Awards.
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For more information please contact:Benedikt Gratzl
Corporate Communications, Media Relations
Telephone +41 (0)61 277 70 88
Harald Melzer
Corporate Communications, Media Relations
Telephone +41 (0)61 277 70 48
About Bank Sarasin-Alpen (ME) Limited - Responsibly yours
Bank Sarasin-Alpen (ME) Limited is a subsidiary of Bank Sarasin & Co. Limited. Established in Dubai International Financial Center, Bank Sarasin Alpen provides a complete range of Bank Sarasin's private banking services. Apart from UAE the bank caters to the requirements of private & institutional clients from Middle East & South Asia.
Bank Sarasin & Co. Ltd - Responsibly yours - Founded in 1841, Bank Sarasin is today one of Switzerland's leading private banking institutions. Its sustainable success is based on trust, confidentiality, expertise and dedication. Bank Sarasin's core activities include investment advisory and asset management services for private and institutional clients, as well as an investment funds business. Its complemen-tary services extend to corporate finance and financial analysis. The Sarasin Group - headquartered in Basel, Switzerland - employs over 1,100 staff. In addition to its headquar-ters in Basel, the Bank has offices in Zurich, Geneva and Lugano in Switzerland. Internation-ally, the Sarasin Group has offices in Dubai, Guernsey, Hong Kong, London, Luxembourg, Munich, Paris and Singapore. Bank Sarasin is a limited company. Its shares are listed on the Swiss Stock Exchange, SWX. Its majority shareholder, Rabobank, enjoys the highest qualifica-tion of credit status (triple-A rating) from prominent international rating agencies. Measured by its core capital, Rabobank is one of the world's top twenty financial institutions.
Posted by Medilyn Manibo, Assistant News EditorMonday, May 21 - 2007 at 11:30 UAE local time (GMT+4)
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This article was updated on Thu Jun 21 2007.
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