Henley & Partners, a citizenship and residence advisory firm, has appointed Juerg Steffen as its new group CEO as part of a senior management restructure.

Steffen, a Swiss lawyer and private banking executive, is currently Henley & Partners’ group COO. He formerly managed the firm’s Singapore branch.

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In the new role, he will replace Christian Kälin who will now re-focus on his role as group chairman. Kälin has been serving as the CEO on an interim basis.

“We are the only truly global player in this industry. We have built a unique platform that will help us to further demonstrate the necessary corporate rigor and excellence, both to ultra-high-net-worth individuals (UNHWIs) and to any sovereign state considering adding an investment migration option to its foreign direct investment strategy,” Steffen stated.

As group COO, Steffen will be succeeded by Marco Gantenbein who formerly served as managing partner of the Dubai branch.

“We will open further offices and enlarge existing operations globally. Henley & Partners is a unique firm; in many ways, we operate like a large financial institution with a lot of internal checks and balances, yet we also retain our entrepreneurial spirit when entering new countries and markets. I am extremely positive about the future of our firm and our industry,” Gantenbein noted.

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Besides, the firm appointed Peter Vincent to its executive committee, with responsibility for government services and business intelligence and developing the firm’s relationships with international organisations.

Earlier, Vincent served as the general counsel of Thomson Reuters Special Services. He was also the assistant director for international policy of BORDERPOL.

Other appointments include Andreas Keller as the firm’s managing partner in the Middle East and Christina Federle and Stefan Kraus to the executive committee. Federle serves as the group head of legal and compliance, while Kraus was the firm’s chief of staff.

All the changes will be effective from 1 January 2019.