Swiss banking group EFG International has appointed Robert Rausch as head of private banking to its Ticino arm in a bid to strengthen the business in the region.
Rausch, who will officially take on his new role at the beginning of February, will report to Franco Polloni, head of Switzerland and Italy at EFG Private Bank.
He joins EFG from the Italian pension fund Fondazione Enasarco, where for the past year he was chief financial officer and chief investment officer working with a team of six members.
At Rome-based Enasarco, with around €7.5bn in assets under management, Rausch was responsible for overseeing finances and investments for the foundation, including private equity, debt, real estate, infrastructure and traditional asset classes.
In an interview held in September 2018 with InvestmentEurope, while Rausch was still working for Enasarco, he said that they were increasing their exposure to passive strategies because the lack of scope to create alpha. And added: "Some 20% of fund managers are adding alpha, so we need to find them."
Prior to this period working at the pension fund, Rausch was senior adviser at WealthmetRisk for around two years Zurich-based. Previously, he worked as managing director and head of investment solutions and asset management at Banca Esperia and Duemme during almost six years.
He started his career at UBS in 1992, where he worked for over 17 years, coming to be managing director and head of UHNWI Wealth Solutions at the firm's wealth management division.