Private Banks

Bank J. Safra Sarasin appoints new Managing Director

Bank J. Safra Sarasin has announced the appointment of Brenda Chao as a Managing Director, reporting to Karen Leung, Vice Chair, Head of Client Advisory, North Asia. Based in Hong Kong since 2006, Chao has more than 20 years’ experience growing and managing large teams focused on the Hong Kong and Greater China markets.

Enid Yip, Chief Executive Officer Asia, Bank J. Safra Sarasin, said “As we begin 2020, we are delighted to welcome Brenda to Bank J. Safra Sarasin. With almost 180 years of private banking heritage and long-term family ownership, Bank J. Safra Sarasin attracts bankers and clients who seek a strong, stable wealth management partner. Brenda has more than 20 years’ experience offering customized solutions to clients, exemplifying the calibre of banker that we attract. We will continue to expand with such experienced bankers as we enhance our coverage in Asia.”

Chao joined Bank J. Safra Sarasin from Deutsche Wealth Management, where she had worked in Hong Kong as a Director, Greater China Market, since 2015. She previously was with DBS Private Bank as a Relationship Manager for Greater China from 2006, when she relocated to Hong Kong from Taipei.

In Taipei she worked at Fubon Bank from 1999 to 2006, having begun her career in banking with Bank of America in 1997.Chao has a Master from the National Central University and a Bachelor of Finance from the National Chengchi University, completing her Master’s in 2006. A Hong Kong Permanent Resident, Chao speaks Mandarin, English and Taiwanese.

As an international group committed to sustainability, J. Safra Sarasin is well established through its banks in more than 25 locations in Europe, Asia, the Middle East, Latin America and the Caribbean. A global symbol of private banking and wealth management tradition, the group emphasizes security and well-managed conservative growth for its clients. At the end of December 2018 it managed total client assets of CHF165 billion and employed about 2,200 staff, with stockholders equity of CHF5.1 billion, according to the press release.