Zurich-based IHAG Privatbank has appointed former Falcon Private Bank CEO Martin Keller as its new chief.
Prior to his job at Falcon, Keller was head of Credit Suisse’s asset management business in the EMEA region from 2011 to 2016.
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He has also held several leadership roles at Man Investments, Deutsche Bank, UBS, and other international financial institutions during his career.
IHAG Privatbank board chairman Heinrich Rotach said: “Martin Keller is a convincing leader with extensive experience in private and institutional asset management and a broad international network.
“Both personally and professionally, he brings with him all the prerequisites to further sharpen IHAG’s profile and to position the bank more strongly, particularly in the entrepreneurial environment. His profound market knowledge in private banking, as well as his comprehensive expertise in asset management, will be crucial for the bank’s further development.”
Keller succeeds Daniel Lipp, who has quit the bank after being at its helm since 2017.
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By GlobalDataIn addition to the appointment of a new CEO, IHAG added Marianne Müller and Christoph Mauchle to its board of directors. The move will take effect from 1 February 2021.
Müller is an executive board member of SWA Swiss Auditors and Mauchle is the ex-group executive board member of VP Bank.
Commenting on their appointment, Rotach added: “We are delighted that we have been able to attract two such distinguished individuals to the board of directors. Marianne Müller and Christoph Mauchle bring a wealth of experience and specific skills to their new role, which will help us to move forward with our strategy.”
In 2015, IHAG Zurich reached resolution with the US Department of Justice over the tax evasion cases under the department’s Swiss bank programme.
As part of this, the private bank agreed to pay a penalty of $7.4m to avoid prosecution over allegations that it helped wealthy Americans evade taxes.
