J. Safra Sarasin Snaps Up Ex-Deutsche Bank Duo
The Swiss-Brazilian wealth manager is snapping up two former prominent Deutsche private bankers as global co-heads for its key clients, finews.asia has learned.
J. Safra Sarasin is appointing Yael Rabinowitz and Asaf
Raveh as its co-heads globally for key clients, effective immediately, a person
familiar with the hires told finews.asia.
The Basel-based private bank didn't respond to a request for
comment.
Both were prominent managing directors at Deutsche Bank
until a shuffle late last year following the hire of top UBS banker Sofia Sool
last spring. Rabinowitz is a top private banker to wealthy Israelis, while
Raveh is a veteran of European private banking.
The bank is controlled by the Safra family, which acquired
Basel-based Sarasin for $1.13 billion some 10 years ago. Jacob Safra took over
following the death of patriarch Joseph Safra in December.
J. Safra Sarasin is looking to hire, Chairman Juerg Haller
told.
We expect people to take ownership of what they're trying to
do. There's a certain amount of flexibility within the clear parameters.
Entrepreneurial clearly doesn’t mean taking on more risk. It also means to be
held more accountable.
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