euro adhoc: Bank Sarasin + Cie AG / Personnel / New horizons for the Asset Management and Product Development of Bank Sarasin: Burkhard P. Varnholt appointed Chief Investment Officer of Sarasin Group (E)

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20.03.2007

Basel/Zurich, 20 March 2007

Burkhart P. Varnholt (38) will join Bank Sarasin & Co. Ltd as Chief Investment
Officer (CIO) and new Head of the Asset Management, Products & Sales division on
1 September 2007 at the latest, when he takes up his seat on the Executive
Committee. As a central player in the successful implementation of Bank
Sarasin’s growth strategy, one of the main tasks Burkhard Varnholt will face in
his new position is to further develop the bank’s core competences in the areas
of asset management and product development. Burkhard Varnholt will considerably
strengthen the bank’s innovation drive in developing proprietary products. Until
then the Asset Management, Product & Sales division will continue to be managed
on an interim basis by Joachim H. Straehle, CEO of the Sarasin Group.

Joachim H. Straehle, CEO of Bank Sarasin & Co. Ltd:
"I am delighted to have Burkhard Varnholt on board, whose excellent track record
and proven management and specialist banking skills will provide an additional
boost to our Asset Management, Products & Sales division. His appointment fills
another key position within the bank and is in tune with our recruitment policy
of seeking to attract top-quality people. A central component of our growth
strategy is to be able to offer innovative and profitable products to all
markets we are active in, providing real added value for our clients. Over the
next few years we aim to become the top address in customised investment
solutions and independent product consulting in private banking."

The Board of Directors has appointed Burkhard Varnholt as a member of the
Executive Committee and Head of the Asset Management, Products & Sales division
with effect from 1 September 2007 at the latest. Before changing to Bank
Sarasin, Burkhard P. Varnholt, worked as Global Head Financial Products &
Investment Advisory at Credit Suisse. His skills and knowledge enable him to
implement the Sarasin Group growth strategy, also in this business segment. In
the area of product development, Burkhard Varnholt will further accelerate the
pace of innovation of the bank, supporting its international expansion drive. He
will also be in charge to continue the provision of a single investment policy
covering the entire Group, ensuring a consistent and attractive performance in
the management of institutional and private clients’ assets.

Burkhard P. Varnholt
Born 1968 in Cologne, German citizen, currently living in Zurich; PhD in
Economics from the University of St. Gall (HSG).
From 1998 until his switch to Bank Sarasin & Co. Ltd, Burkhard P. Varnholt
worked for Credit Suisse Private Banking in Zurich. After joining CS as head of
the Services and subsequently also the Investment Analysis division, he became
Global Head of Financial Products & Investment Advisory in 2002. He was a member
of the Global Executive Council from September 2005 onwards. Prior to that, from
1996 to 1998, Burkhard P. Varnholt worked for Morgan Stanley Investment Banking
in London. He is also an experienced lecturer, having taught not only at the
University of St. Gall (HSG), but also at the Massachusetts Institute of
Technology (MIT) and the Stern School of Business, New York University. Burkhard
Varnholt has already published over 100 articles and for books.
As a keen art lover and collector, Burkhard Varnholt sat on the Acquisitions
Committee of the Tate Modern in London. In 2004 he set up the charity Kids of
Africa - The Swiss African Orphanage (www.kids-of-africa.com). To date this
charity has built and now maintains a village for up to 100 orphaned homeless
children in Kampala (Uganda).
For more information please contact:
Benedikt Gratzl, Corporate Communications, Media Relations
Telephone +41 (0)61 277 70 88 e-mail: benedikt.gratzl@sarasin.ch

Bank Sarasin & Co. Ltd - Responsibly yours
Founded in 1841, Bank Sarasin is today one of Switzerland’s leading private
banking institutions. Its sustainable success is based on trust,
confidentiality, expertise and dedication. Bank Sarasin’s core activities
include investment advisory and asset management services for private and
institutional clients, as well as an investment funds business. Its
complementary services extend to corporate finance and financial analysis. The
Sarasin Group - headquartered in Basel, Switzerland - employs over 1100 staff.
In addition to its headquarters in Basel, the Bank has offices in Zurich, Geneva
and Lugano in Switzerland. Internationally, the Sarasin Group has offices in
Dubai, Guernsey, Hong Kong, London, Luxembourg, Munich, Paris and Singapore.
Bank Sarasin is a limited company. Its shares are listed on the Swiss Stock
Exchange, SWX. Its strategic partner Rabobank is the only bank in the world
without a state guarantee that enjoys a triple-A rating.

Further inquiry note:
Dr. Benedikt Gratzl
Head Corporate Communications
T.: +41(61) 277 70 88
Benedikt.Gratzl@sarasin.ch

end of announcement euro adhoc 20.03.2007 07:00:00
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emitter: Bank Sarasin + Cie AG
Elisabethenstr. 62
CH-4002 Basel
phone: +41(61)277 77 77
FAX: +41(61) 272 02 05
mail: info@sarasin.ch
WWW: http://www.Sarasin.ch
ISIN: CH0002267737
indexes: SPI
stockmarkets: regulated dealing: SWX Swiss Exchange
sector: Banking
language: English

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