J. Safra Sarasin announces changes to executive board

Ridhima Sharma
clock
J. Safra Sarasin announces changes to executive board

Bank J. Safra Sarasin has announced that, as part of a reorganization of the Group Executive Board, Daniel Belfer has been appointed as the new chief executive officer and Oliver Cartade as head of Trading, Treasury & Asset Management Division and member of the Group Executive Board, effective 1 November 2019.

Current CEO Edmond Michaan will take on a new role as head of Group Strategy at the Bank and at the larger J. Safra Group, including real estate, other private investments and as future member of the board of Chiquita.

Belfer is currently responsible for the Trading, Treasury and Asset Management Division and member of the Group Executive Board of Bank J. Safra Sarasin Ltd. He has worked for different entities of the J. Safra Group since 2000. 

Cartade is currently the general manager at Bank J. Safra Sarasin (Gibraltar) - London Branch and managing director at J. Safra Sarasin Asset Management (Europe) Limited. He brings over 20 years of experience in various financial sectors to his role at J. Safra Sarasin. Prior to the J. Safra Group, he worked in investment banking at Kaufman Bros. LP where he focused on M&A and private equity transactions. He began his career as a financial analyst at Prudential Securities in the investment banking division.