Bank Sarasin & Cie AG : New Board member: Mr. Ilan Hayim to be elected as Vice-Chairman of the Board of Bank Sarasin and member of the Board of J. Safra Sarasin Holding

The Board of Directors of Bank Sarasin decided to propose the election of Mr. Ilan Hayim as new member of the Board of Directors.

Mr. Hayim was born in 1951. He is a Swiss national and resident in Geneva. Mr. Hayim has extensive experience in the banking sector both at the operational level and as a board member. He graduated in Economics at the University of Geneva in 1972. He started his professional career at Paribas (from 1975 until 1988) where he was a member of the Executive Committee, and Head of Trade Finance and Private Banking. In 1980, he was also Head of the New York branch of Paribas. He then held the prestigious position of CEO in several banking institutions (BSI SA, Banque Unigestion, HSBC Guyerzeller Bank SA) between 1988 and 2006. Mr. Hayim was then Vice-Chairman of HSBC Guyerzeller Bank SA and HSBC Private Bank (Suisse) SA, Member of the Board of Unigestion Holding SA and Vice-Chairman of the Board of Directors and member of the Audit & Risk Committee of BSI SA.

It is contemplated that Mr. Hayim be appointed in the capacity of Vice Chairman of the Board of Directors of Bank Sarasin.

In addition, Mr. Hayim will be a member of the Board of Directors of J. Safra Sarasin Holding, the parent company of Bank Sarasin.