Friday, 5th September 2008

 

23 July 2008 - David Bain

Boutique private bank hires former Italian head of UBS

Lugano-based Arner Bank has appointed Mauro Costa, the former head of UBS in Italy, to head its office in Milan.

Costa was most recently a vice president in UBS’s wealth office in Monte Carlo.

Last week Arner Bank said it had appointed Giulio Romani as its new general manager.

The move comes after the news of Nicola Bravetti, a former manager in the 24-year-old bank, in connection with money laundering allegations 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.

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