Swiss private banking group Julius Baer has hired Felix Xaver Oeschger from Lombard Odier to serve as its new head of Zurich market.

Oeschger will replace Andreas Feller, who will now become the market area head of German-speaking Switzerland.

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In the new role, Oeschger will manage the business with private banking clients in Zurich.

He will assume the new responsibility on 1 March 2020 and report to Feller.

At Lombard Odier, Oeschger served as the head of Swiss clients for Zurich.

He previously had a 14-year stint at Credit Suisse’s Private Banking arm, latterly as its deputy sector head for market area Zurich Center.

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Julius Baer designated head of Switzerland & Europe, Middle East and Africa Yves Robert-Charrue commented: “We are very pleased that Felix Oeschger will join our company as Head of Zurich. He brings many years of experience in private banking and a strong track record to Julius Baer.”

“I am convinced that, with the new structure and the substantial recruitment of new staff, we are very well positioned to offer our clients excellent service in our important home market of Switzerland and also to continue to grow,” Robert-Charrue added.

Julius Baer made several changes to its management ranks lately.

Earlier this month, the bank hired Jason Moo from Goldman Sachs to serve as its new head of private banking for South East Asia.

It recently also named Yvonne Suter as the new head of corporate sustainability and responsible investment (CSRI). Suter joins from Credit Suisse.