Bank Sarasin has announced a joint venture with a Spanish firm to expand its wealth management capabilities in the Iberian peninsula.
Headquartered in La Coruña, Sarasin Alén Agencia de Valores is a link-up with Alén Gestión Patrimonial. The partnership is licensed by the Spanish regulator and will allow Sarasin to provide expert investment advice and solutions to private and institutional clients in Spain and Portugal.
Commenting on the venture, Joachim H Straehle, CEO of Bank Sarasin & Co, said: “The new licence and the creation of this new partnership to service Spanish and Portuguese clients in their home market are very important steps for us. They enable us to deliver investment solutions and services whilst we grow our market share and presence in this attractive private banking region of Europe.”
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