Wealth-Bulletin’s 40 Rising Stars in European Wealth Management 2009 Part 1
Boris Collardi, chief executive of Bank Julius Baer, has again topped WealthBulletin’s list of 40 Rising Stars aged under 40 in European wealth management in 2009. Since winning last year’s poll Collardi has moved up to one of the most powerful roles in European wealth management, heading Bank Julius Baer.
Indeed, at least eight of last year’s top 40 have been promoted to more senior positions within the wealth management industry, proving the merits of appearing on the definitive list of top Risings Stars in European Wealth Management.
Many were chosen this year because of their performance during the toughest financial markets any of them would have known in their lifetimes. Those lucky enough to make the list have proven their mantle and are likely to go on and achieve even greater things in the years ahead.
This year there were a record 11 women (seven in 2008), showing the male-orientated world of wealth management is beginning to breakdown – although many argue it has a long way to go. Wealth-Bulletin has ranked the top five and listed the remaining thirty five individuals. Following Collardi at the top comes Marc Pictet, who some are tipping to become a partner at the eponymous private bank where he works. Two women make the top five - Tiffany Troxel at Merrill Lynch and Bianca Watts at Morgan Stanley – and Adrian Künzi, managing partner at Swiss bank Wegelin completes the winners.
To quality, individuals had to be under 40 at the day of publication and based in Europe. Over the past three months, Wealth-Bulletin gathered nominations from the wealth management sector. We also invited advisors to suggest colleagues, competitors or themselves.
The ranking of the top five was done by adding up the number of nominations and compiling the final list submissions from experts in the industry.
The Top Five
Boris Collardi, chief executive, Julius Baer, Zurich
Last year’s top rising star, Collardi, 34, has continued his ascent. Promoted to chief executive of Bank Julius Baer in March, Collardi has one of the most important jobs in Swiss private banking. Colleagues say the former Credit Suisse manager has top class business management skills, but is also an excellent builder of client relationships – a rare combination in private banking. As chief operating officer for Bank Julius Baer, Collardi was known for his tight control of costs, a skill he has been quick to put to work as chief executive.
Marc Pictet, chief executive, Bank Pictet, Luxembourg
Bearing the family name of arguably Switzerland’s most-revered private bank might be a burden to some, but Marc Pictet, 36, could be the latest in the dynasty to rise to the top. Pictet heads a team of more than 300 private bankers and support staff for the bank in Luxembourg, regarded as a training ground for partnership. Swiss law requires a family member to be a senior partner if a bank wants to use a family name as its brand.
Tiffany Troxel, senior financial adviser, Merrill Lynch Global Wealth Management, London
Troxel, 33, was recruited by Merrill Lynch in March to work with ultra-high net worth clients and is seen by contemporaries as one of the top relationship managers in Europe. She joined Merrill Lynch after six years at UBS, where she was one of the few advisers to be awarded the “UBS Circle of Excellence” three times, an annual award which recognizes the top advisers globally. Troxel has the academic credentials to back her relationship management skills, with degrees from Harvard and Oxford.
Bianca Watts, executive director, Morgan Stanley Private Wealth Management, London
At only 31, Watts is one of the youngest – and most dynamic – in this year’s rising starts. Promoted last year to executive director, Watts runs a London-based team advising ultra-high net worth individuals and families across Europe & the Middle East.
Adrian Künzi, managing partner, Wegelin & Co, St Gallen
Künzi, 36, is one of the youngest unlimited liability partners of a Swiss private bank. An alumnus of Goldman Sachs, Künzi is viewed among his contemporaries as a rising star in Swiss banking, destined for great things. Now in charge of Wegelin’s business in Geneva and Lausanne, Künzi has spent more than 13 years at the St Gallen-based bank that has seen strong growth in the past 18 months.
The Rising Stars List – in alphabetical order
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