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Mid-year review: 10 heavy-hitting departures

We're taking a look at who jumped ship.

As it is with every year, the first half of 2018 saw some significant reshuffles. Investors came and went, and even launched their own firms.

We're taking a look at who has jumped ship so far this year, and we've rounded up the most high-profile departures over the past six months. 

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As it is with every year, the first half of 2018 saw some significant reshuffles. Investors came and went, and even launched their own firms.

We're taking a look at who has jumped ship so far this year, and we've rounded up the most high-profile departures over the past six months. 

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10: Raiffeisen chair resigns amid Finma investigation into ex-CEO

Raiffeisen Switzerland chairman Johannes Rüegg-Stürm resigned amid a probe into the company by Finma.

Rüegg-Stürm's departure came shortly after ex-CEO Pierin Vincenz, who left the firm in December, was taken into custody under suspicion of corporate fraud.  

To read the full story, click here.

 

 

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9: Six Raiffeisen board members to resign

Six of Raiffeisen Switzerland’s 11 board members will resign on 16 June 2018, according to a press release from the company.

By 2020, the bank said it expects a total of eight current members to resign. On 10 November 2018 the bank will hold a delegate assembly to elect a new chairman, along with two other board members.

To read the full story, click here. 

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8: BCVs chairman to exit

The chairman of the board of directors at the Banque Cantonale du Valais, Jean-Daniel Papilloud, is to step down from his role, the cantonal bank announced.

The chairman announced that he plans to leave his position following the general assembly on 16 May 2018.

To read the full story, click here. 

 

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7: SocGen PM moves to independent AM firm

Neuchâtel-based independent asset management firm Rushbrooke Investissements hired Patrick Matti as a senior portfolio manager. He started his new role on 14 May.

Matti told Citywire Switzerland that he was inspired to move to a small wealth management firm after working in the private banking sector for 15 years. 

To read the full story, click here. 

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6: BlackRock Swiss head exits for Fidelity International

BlackRock’s Switzerland country chief, Christian Staub, is leaving to join Fidelity International as managing director of continental Europe.

In his stead, Michael Burch, the current COO of Switzerland, will take on the role of interim country head of Switzerland as a temporary replacement, according to a BlackRock spokesperson.

To read the full story, click here. 

 

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5: Credit Suisse vice chairman moves to EFG board

Credit Suisse’s vice chairman of private banking, Fong Seng Tee, will be among three new additions to EFG International’s board of directors, according to a press release.

Tee has been a key player in Credit Suisse’s Asia Pacific region banking since 2009, first as head of market southeast Asia, and later as chief executive of the bank’s Hong Kong branch and head of market greater China

To read the full story, click here. 

 

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4: Switzerland CEO to step down amid HSBC Private Bank reshuffle

Franco Morra, CEO of HSBC Private Bank (Suisse), will step down from his role on 27 April 2018, the bank confirmed.

Morra’s decision to leave came as the bank announced the creation of a single EMEA structure.  

To read the full story, click here.

 

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3: UBS recruitment head and fund selector exit amid reshuffle

UBS private bank’s recruitment head Sandra Dawson and UBS fund selector Mark Le Lievre have both left the bank.

Citywire Selector, a sister website of Citywire Switzerland, revealed Le Lievre’s departure in an exclusive story. On the same day, reports of Dawson’s exit emerged on finews.com, which said she would be leaving her role as global head of recruiting at the end of May and joining Ireland’s AIB as head of talent acquisition

To read the full story, click here.

 

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2: Pictet WM's head of investments departs

Pictet Wealth Management's head of investments, Christophe Caspar, has left the group.

Caspar stepped down from the Swiss group in April. His position has since been taken over by chief investment officer, Cesar Perez Ruiz.

To read the full story, click here. 

 

 

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1: CEO Katia Coudray leaves SYZ AM

Katia Coudray has left SYZ Group after seven years with the company.

Coudray joined SYZ in 2011 and became CEO of the asset management division in 2015.

To read the full story, click here. 

 

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