Zurich-headquartered private bank Clariden Leu
has completed a major restructure, creating a new Market and Wealth
Management division and organising into two geographical groups:
Switzerland and Europe, and International Markets.
Switzerland and Continental Europe market
areas and its External Asset Managers (EAM) business will combine
to form the Switzerland and Europe division under the leadership of
Urs Emmenegger.
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Latin America, Asia, Middle East and Eastern
Europe markets and all international locations will be combined
within the new International Markets division. It will be managed
by Erich Pfister.
First female executive to lead new
Market and Wealth Management division
The newly established Market and Wealth
Management division will link markets and Clariden Leu’s Investment
Products unit as well as driving forward product development.
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By GlobalDataIt will be led by Daniela Lohner, an ex-Credit
Suisse manager who becomes the first woman to be appointed to the
executive board of Clariden Leu.
Clariden Leu said the changes were made to
strengthen its local presence and grow its business regionally as
well as to improve bank’s execution of client services.
Management reshuffle forces senior
exits
In other changes, senior private bankers will
be merged into one unit with their new head is yet to be revealed.
The senior private bankers unit will report directly to Clariden’s
chief executive Olivier Jaquet.
Other divisions reporting to Jaquet are legal
and compliance, headed by general counsel Marcel Schmocker;
finance, led by chief financial officer Roman Kurmann;
risk management, headed by chief risk officer Holger Demuth; and
operations, led by chief operating officer Roland Herrmann.
Adrian Leuenberger, Adrian Nösberger and
Stephan Peterhans have left Clariden Leu as a result of the
restructure.
