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Sarasin maps out Asia/ME growth plan

The impact of Sarasin’s first-half earnings statement, announced yesterday, was still being felt today, with the share price reacting to a series of negative reports from the analyst community. The reports dwelled on the group’s disappointing pre-tax profit of SFr51.2m (US$48.3m), which suffered from trading losses on interest rate hedges. However the bank also impressed with its net new money…

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