Swiss private bank Sarasin said it will open a new branch in Nuremberg in October, bringing the number of offices in Germany to three. Since obtaining a full banking licence for Germany in January 2008, Sarasin has opened a new headquarters in Frankfurt and relocated its Munich branch, in operation since 2005.
Swiss private bank Sarasin said it will open a new branch in Nuremberg in October, bringing the number of offices in Germany to three. Since obtaining a full banking licence for Germany in January 2008, Sarasin has opened a new headquarters in Frankfurt and relocated its Munich branch, in operation since 2005.
Sarasin said the opening of the third branch underlines the success of its growth strategy in the German private banking market. Sarasin's main focus is the provision of advice and support to wealthy private clients and institutional investors. It also has longstanding experience in distributing innovative niche products in the fund segment. The new branch will also seek to position itself as a provider of solutions for German small and medium-sized businesses.
'We are looking forward to launching our business in Nuremberg. The opening of this branch is a further step in the process of driving the growth of our business in the Sarasin Group's second-most important private banking market in Europe after Switzerland,' said Eric Sarasin, supervisory board chairman and head of the bank's private banking division.
