Investec hires for Switzerland on increased demand
Investec Bank has hired a new investment practitioner from Goldman Sachs' wealth management team, to boost its presence in Switzerland.
Philipp Schmahl is being taken on to develop the bank's wealth management services in tandem with its London-based private bank and Investec Trust in Geneva.
He reports to Oliver Betz, head of Investec Bank in Switzerland.
At Goldman he was an executive director in the investment management division, and had been with the banks for the last seven years. Most recently, he was responsible for spearheading the Swiss efforts of the wealth management solutions team, which provides a third party distribution platform for external asset managers.
The bank said it is experiencing increased demand from private clients for specialist wealth management services in Switzerland.
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