Sarasin Group launches new Trust Company in Singapore

The launch of Sarasin Trust is the latest addition to the holistic Private Banking offering of the Sarasin Group, and a further step in implementing its future focus on acquiring and managing declared assets in the best interests of its clients. Trust services are growing in importance globally as part of the wide array of asset management services offered by financial institutions. Trusts have become an integral part of estate and succession planning. To this end, Sarasin Trust provides discretionary trusts (providing trusteeships for full protection trusts, tailor-made, holding liquid and non-liquid assets) and insurance trusts (holding life insurance policies only),as well ascorporate services, providing the management of offshore companies.

Enid Yip, Chief Executive Officer Asia, Bank Sarasin

"The establishment and launch of our Singapore-based trust company deepens our commitment to our clients in Singapore and Asia, but also extends our Group offering to clients from Europe and the Middle East. Sarasin is home to some of the most experienced trust professionals in Asia, and we are delighted that we can leverage their expertise on a global basis for our clients."

In Singapore, the growth of the trust services industry has been in tandem with the development of Singapore as a financial services centre and is underpinned by confidence in its sound regulatory regime, as well as political and economic stability. Sarasin Trust is thus domiciled in Singapore which Sarasin believes offers excellent human capital, a pro-business environment and trust legislation that is modern and clearly drafted. It also enjoys the advantage of being close to our growing pool of Asian clients, offering them added convenience.

--- END press release Sarasin Group launches new Trust Company in Singapore ---

  Bank J. Safra Sarasin AG (company entry)