Sunday, 7th September 2008

 

21 July 2008 - David Bain

Swiss private bank changes management after arrest of employee

Lugano-based Arner Bank has reorganised its top management two months after one of its former managers was arrested in connection with a investigation in Italy linked to the mafia.

Giulio Romani has been appointed general manager after a 22 year career at the bank. He is to be supported in his new role by Piero Colonna and Oscar Crameri as members of general management, the bank said in a statement.

Nicola Bravetti, a former manager in the 24-year-old bank, was arrested last May in Italy after being suspected of money laundering in offshore tax havens.

A spokesman for Arner Bank said Bravetti has since been released without charge, but added that he has resigned from the bank and no longer had any links with it.

Arner Bank has around SFr6bn of assets under management and employs 250 people in Lugano, the Bahamas, Milan and Dubai.

Most Read

  1. London's top casino bought and sold by gambling tycoons
  2. HSBC Private Bank takes a knock in Switzerland
  3. Comment: New wealth chief at UBS needs to hit the ground running
  4. Credit Suisse hires Citigroup bankers for regional wealth unit
  5. Russia’s richest man increases his property interests

Brummel

Headline

Doing the Continental

Frank Sinatra had it about right: “It's very subtle, the Continental, because it does what you want it to do.” I had spent the morning driving down relatively busy A roads behind a Ferrari 599 but was perfectly happy that I had got the better of the deal. It’s no hardship being cocooned in the plush cockpit of a Bentley Continental GT Speed listening to John Humphrys detailing the latest travails of our benighted government.

Rich Monitor

Headline

Russia’s richest man increases his property interests

Russian tycoon Oleg Deripaska has raised his stake in the managing company of the emerging business district of Moscow City to 84% after buying out fellow oligarchs Prokhorov and Vladimir Potanin.

More from Home

  1. Swiss private bank sees surge in new money with reorganisation
  2. Divorce is too pricey for the wealthy
  3. Wealthy Europeans set to pledge €1 trillion to save the planet
  4. Mirabaud to appoint new partner as AUMs fall
  5. Credit Suisse 'auction' brokers are charged

Related Content

  1. UK tax authorities intensify crackdown on offshore accounts

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347