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Sarasin Group enters Indian market

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Bank Sarasin, a Swiss private bank headquartered in Basel, Switzerland, has launched a presence in India and will open offices in Mumbai and Delhi on 1 July 2009.

Bank Sarasin, a Swiss private bank headquartered in Basel, Switzerland, has launched a presence in India and will open offices in Mumbai and Delhi on 1 July 2009.

The Sarasin Group’s first presence in India is incorporated as Sarasin-Alpen (India) Private Limited, which is a non fund based non banking financial company.

The new operation will provide financial advisory and consultancy services to wealthy private clients in India and distribute select prime third-party products such as mutual funds. Various agreements have been established with organisations in India to enable Sarasin-Alpen (India) Private to distribute their funds and portfolio management services.

‘We are delighted to launch our presence in India. As the sustainable Swiss private bank, we look forward to providing innovative financial advisory solutions matching the requirements of our discerning and growing Indian client base,’ says Joachim H. Straehle, chief executive of Bank Sarasin, Switzerland.

The launch of the operations in India and the opening of the new offices in Mumbai and Delhi on 1 July 2009 mark the Sarasin Group’s commitment to expanding its presence in South Asia.

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