Swiss private bank names deputy CEO

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Saint-Gall headquartered private banking group Notenstein La Roche, part of Raiffeisen Switzerland, has appointed Patrick Fürer as its new chief financial officer and chief operating officer.

He will also serve as deputy chief executive officer that was occupied on interim by Christoph Gloor, head of Private Banking

Fürer will join the executive board of Notenstein La Roche on 1 July 2017, succeeding Basil Heeb who is to leave the company.

Fürer joins from Morgan Stanley Switzerland, where he served most recently as the private bank’s CEO.

Prior to joining Raiffeisen, he was group head of Operations and a member of the group executive management at WestLB, where he was responsible for processing, operations control and IT.

Patrik Gisel, CEO of Raiffeisen Group and chairman of the board of directors of Notenstein La Roche, said: “Notenstein La Roche, as the private banking subsidiary of the Raiffeisen Group, has embarked upon an ambitious development path and will further expand its position in the Swiss private banking market. Patrick Fürer can make an important contribution to this development. Furthermore, in view of the fact that we are intensifying cooperation within the Group, I am particularly pleased that he is already very familiar with the Raiffeisen Group through his earlier work with the firm.”

Notenstein La Roche manages around CHF20bn (€18.4bn) of assets.

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