Mr. Sarasin is the deputy CEO of Bank Sarasin. Starting in 1980 Mr. Sarasin spent two years with Pictet & Co. in Geneva as a financial analyst. He then did further training at Morgan Guarantee Trust and Kidder, Peabody in New York. From 1985 to 1988 he was a senior account officer with Citibank N.A. in New York. He moved to Bank Sarasin in 1988, where he became a partner in 1994. Before being appointed head of Private Banking Basel, Geneva and Lugano in April 2004, he was responsible for Swiss brokerage services for foreign institutions, the development of institutional marketing and the Group's Private Banking International business unit. He has been a member of Bank Sarasin's Executive Committee since January 1, 2004. Mr. Sarasin was Head of the Private and Institutional Clients Switzerland Division from 2006 to 2008. Mr. Sarasin is President of the German-Swiss Chamber of Commerce and is also active in numerous philanthropic foundations in Switzerland and internationally. Mr. Sarasin received a business degree in finance and investments from Babson College and is a graduate of the Swiss Banking School.