People Moves
Bank J Safra Sarasin Bulks Up Asset Management Arm

The Swiss private bank has boosted its total return offering with a new team and made further additions to its asset management arm.
Bank J Safra Sarasin has hired Stéphane Decrauzat to head up a new fixed income total return team. He will join the asset management division alongside Vincent Rossier from Pictet.
Decrauzat joins after eight years at RAM Active Investments while Rossier has held various positions in fixed income at Pictet Wealth Management in Geneva since 1998. The pair will take on their new roles in the new year.
The bank also confirmed the appointment of quantitative strategist Yann Schorderet to the CIO office. Schorderet, who worked at Mirabaud Asset Management since 2007, will help develop macroeconomic and financial market scenarios.
In other recent additions, Serge Alarcon, previously Union Bancaire Privée's head of balanced asset management for institutional clients and ultra-high net worth individuals, joined as executive director in charge of institutional multi-asset management. Based in Geneva, Alarcon is supported by his former UBS colleague Aurélie Krafft.
“We are very pleased to welcome these managerial appointments and new skill sets, which not only will enable us to strengthen our existing teams but above all will allow us to provide new asset management expertise,” said Serge Ledermann, member of the bank's executive committee and head of asset management in Switzerland.
“The current financial market environment, with the virtual disappearance of positive yield curves, in fact calls on us to adapt our product range both within the fixed income space and in multi-asset management.”
Last month, Banque J Safra Sarasin agreed to acquire Bank Leumi’s Luxembourg private banking business for an undisclosed sum.