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The Warsaw Voice » Business » March 18, 2009
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New Bank on the Block
March 18, 2009 By A.R.    
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The Polish Financial Supervision Authority, in consultation with the Ministry of Finance, has granted a permit to Bank Sarasin & Co. Ltd based in Basel, Switzerland, to open a representative office in Warsaw. The local presence enables Bank Sarasin to promote its private banking services to wealthy Polish individuals.

"We regard Poland as a very attractive market for growth in Central Europe," said Fidelis Goetz, head of private banking at Bank Sarasin & Co. Ltd, Switzerland. "The presence enables us to extend our services to Polish individuals and thus complement the existing offering by our majority shareholder, Rabobank."

Yves Sarasin, senior representative of Bank Sarasin in Poland, said, "As Bank Sarasin & Co. Ltd S.A. Przedstawicielstwo w Polsce, we are aiming to gain recognition and establish Bank Sarasin as leading financial advisor in the Polish market. Our sustainable heritage and commitment to quality and excellence will certainly bear fruit in this exciting and vibrant country."

The opening of the representative office in Warsaw marks the latest step in the Sarasin Group's international growth strategy. Prior to its entry to the Polish market, the Sarasin Group obtained a full banking license in Germany, opened two offices in Spain, and established a presence in Ireland.
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