Sarasin Group enters India and establishes Sarasin-Alpen (India) Private Limited

Rohit Walia, Executive VC & CEO, Bank Sarasin-Alpen (ME) Ltd - Dubai

Bank Sarasin & Co Ltd, a leading Swiss private bank headquartered in Basel, Switzerland, has launched a presence in India and will open offices in Mumbai and Delhi on July 1, 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" (NF-NBFC). 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 organizations in India to enable Sarasin-Alpen (India) Private Limited to distribute their funds and portfolio management services.

Rohit Walia, Executive VC & CEO, Bank Sarasin-Alpen (ME) Ltd - Dubai, "We offer an exceptional opportunity for clients in India. We have won the prestigious "Best Private Bank" award from the Banker Middle East magazine for two consecutive years, so we are confident we can win the trust of our prospective Indian clients with the quality services that we have to offer."

The launch of the operations in India mark the Sarasin Group's commitment to expanding its presence in South Asia and the next stage in the successful implementation of the Sarasin Group's international growth strategy.