Following Brazilian-Swiss private bank Safra’s acquisition of Rabobank’s majority stake in Bank Sarasin to the tune of over CHF1 billion (US$1.1 billion), the two will merge under the new name of J. Safra Sarasin. Chief executive officer of the former Bank Sarasin, Joachim Straehle, will take the helm as the new CEO of J. Safra Sarasin; yet according to the…
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