The head of South East Asia at Bank Sarasin-Rabo (Asia), Reto Marx, has resigned, sources at the bank have confirmed.

Mr Marx had been with the bank for just over a year having joined from Credit Suisse, where he had been for eight years, latterly as head of international wealth management.

In further moves at Bank Sarasin, WealthBriefingAsia also understands that Edward Hsu, who headed up the Taiwan team in Singapore has also resigned. The destinations of either banker are as yet unknown.