Quintet Switzerland, the country’s latest private bank, has appointed Bruno Pfister as chairman.
Pfister has previously worked as chariman of Rothschild & Co Bank Zurich and group CEO of Swiss Life.
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He began his career as JPMorgan in the investment banking division. Afterwards, he held various roles at McKinsey for close to a decade, advising financial service firms before joining LGT, the private banking and asset management group. Pfister rose to group CFO at the firm.
In addition, he was on the executive board of Credit Suisse.
“We are delighted that Bruno has embraced the opportunity to chair Quintet Switzerland,” said Jakob Stott, Group CEO and member of the Board of Directors of Quintet Private Bank.
“A highly experienced professional with global perspective and deep insight into the Swiss market, he will make an important contribution to steering the strategic growth of the country’s newest private bank.”
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By GlobalData“Under the leadership of CEO Emmanuel Fievet, Quintet Switzerland has the client-focused culture and resources to achieve long-term success, including through a significant recruitment drive,” added Pfister.
“I’m very happy to serve as chairman of this industry challenger, and look forward to working closely with my colleagues on the Board and the management team.”
More appointments to the board of Quintet Switzerland will be announced in the near future.
Quintet Private Bank launched operations in Switzerland at the beginning of 2020 after completing the purchase of Zurich-based Bank am Bellevue.
Under the agreement, Quintet absorbed Bank am Bellevue employees and its client relationships with CHF1.6bn in underlying assets.
“Quintet and Bellevue Group will now examine collaboration opportunities in the asset management business, specifically in the global healthcare sector where Bellevue Group is an international leader,” Bellevue Group said in a statement.
Through the business in Switzerland, Quintet will look to expand Bank am Bellevue’s domestic and international client base.
Its aim is to integrate a tailored approach with “independent, unbiased advice”.
The new Swiss business will be staffed by around 40 people, headed by CEO Emmanuel Fievet. Of these people, half earlier worked at Bank am Bellevue.
