People Moves

Sarasin Taps Credit Suisse for CIO

Paul Adams, Geneva, 20 March 2007

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Burkhart Varnholt will join Bank Sarasin as chief investment officer and new head of the asset management, products and sales division.

Burkhart Varnholt will join Bank Sarasin as chief investment officer and new head of the asset management, products and sales division on 1 September 2007 at the latest, when he will also take up his seat on the bank’s executive committee.

Until Mr Varnholt joins, the asset management, product and sales division will continue to be managed on an interim basis by Joachim Straehle, chief executive officer of the Sarasin Group.

From 1998 until his switch to Bank Sarasin, Mr Varnholt worked for Credit Suisse Private Banking in Zurich.

At Credit Suisse he was global head of Financial Products & Investment Advisory since 2002. He was a member of the global executive council from September 2005.

Prior to that, from 1996 to 1998, Mr Varnholt worked for Morgan Stanley Investment Banking in
London.

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