The Swiss-Brazilian wealth manager is snapping up two former prominent Deutsche private bankers as global co-heads for its key clients, finews.asia has learned.
J. Safra Sarasin is appointing Yael Rabinowitz and Asaf Raveh (pictured below) as its co-heads globally for key clients, effective immediately, a person familiar with the hires told finews.asia. The Basel-based private bank didn't respond to a request for comment.
Both were prominent managing directors at Deutsche Bank until a shuffle late last year following the hire of top UBS banker Sofia Sool last spring. Rabinowitz is a top private banker to wealthy Israelis, while Raveh is a veteran of European private banking.
Hiring Requirements
The bank is controlled by the Safra family, which acquired Basel-based Sarasin for $1.13 billion some 10 years ago. Jacob Safra took over following the death of patriarch Joseph Safra in December.
J. Safra Sarasin is looking to hire, Chairman Juerg Haller told finews.asia two months ago. «We expect people to take ownership of what they're trying to do. There's a certain amount of flexibility within the clear parameters. Entrepreneurial clearly doesn’t mean taking on more risk. It also means to be held more accountable.»
