Over recent days, the media has widely reported the ramifications of legal investigations initiated in Germany against a number of people, including Mr. Eric Sarasin. Investigations on behalf of German prosecutors have been carried out in Switzerland, said Bank J. Safra Sarasin in an statement.
"Eric Sarasin categorically denies the accusations made against him and wants to be free and available to organise his own defence. He also wants to ensure that the personal implications for him do not tarnish the image and reputation of the Bank he has served".
"Eric Sarasin has therefore resigned from his position as Deputy CEO and member of the Bank’s Executive Committee. The Bank has accepted his resignation with regret and thanks Mr. Eric Sarasin for all his efforts and achievements over many years of collaboration", says the entity.