Prominent Swiss banker Eric Sarasin is back in finance. He has taken on two board mandates and founded his own firm to advise wealthy clients as well.
Eric Sarasin disappeared suddenly from J. Safra Sarasin nearly two years ago, and didn't surface again until last summer, as an investor in fintech firm Advanon, as finews.ch reported at the time.
The 58-year-old executive, who comes from a high-profile Swiss banking dynasty, is back in more strategic and operative roles, Swiss business weekly «Handelszeitung» reported on Wednesday.
Family Office
Sarasin has been a board member of Atag Family Office, a Zurich-based subsidiary of consulting firm Atag PCS in Basel, since July.
The firm offers family office services in wealth structuring as well as legal and tax advice.
The banker is also chairman of Gambio Holding, an investment company which was founded roughly a week ago in Zug. Sarasin is the main shareholder of Gambio, according to «Handelszeitung».
Consulting Firm
Sarasin has also founded E. Sarasin Consulting together with his wife, Esme Verna Sarasin-Foerster. The firm, founded in July, offers consulting for private equity investments and real estate, and also plans to offer advice on trusts.
Sarasin's comeback is nearly two years after his departure as deputy Chief Executive of J. Safra Sarasin, following his involvement in so-called cum/ex deals in Germany.
Settled, No Admission of Guilt
Investor Carsten Maschmeyer and drug store baron Erwin Mueller filed a complaint against the bank, alleging that they lost considerable sums of money on the products.
An tax evasion and fraud investigation against Sarasin was set aside early this year. Sarasin paid a low six-figure sum, finews.ch reported at the time (in German). The payment wasn't a penalty and didn't equate to an admission of guilt, he said.
