Bank Sarasin hires from Credit Suisse for senior north German expansion

Bank Sarasin is to open offices in Hamburg and Hannover, and has announced Andreas Brandt will join from Credit Suisse Deutschland to head up both the northern German outlets from Hamburg.

He worked at Credit Suisse Deutschland since 1998, initially heading the Hamburg representative office, before becoming deputy head of private banking and a member of the management board.

In 2006 he became chairman of the management board.

He had also worked in Hamburg for Hypobank as group manager for investment.

Bank Sarasin’s office there is expected to start in January, with Hannover following in Spring.

Brandt (pictured) will join before both these developments, in November. He will also expand on the bank’s private equity operations, and report to Frank Niehage, Bank Sarasin AG’s chief executive.

Brandt has worked in Frankfurt for a decade, but has opted to return to his home city for the latest role.

Niehage said: “We are pleased and very proud that Andreas Brandt, an acknowledged expert whose roots are in northern Germany, has chosen to join our bank. In opening these new offices, we are tapping into an important economic region.”

Opening the new offices will bring Bank Sarasin’s presence in Germany to a total of six cities. Most recently, it opened its Cologne office in June.

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