Bank Sarasin & Co has posted a net profit of CHF 70 million at the end of 2003, reversing its year-earlier net loss of CHF 316 million.
Assets under management have increased by 4.7 per cent to CHF 48.6 billion.
Sarasin also announced that it had entered into an agreement to acquire Chiswell Associates Limited, specialised in asset management for wealthy private clients, charities and pension funds.
The...