The board of directors of Ihag Privatbank has the 53 year old Martin Keller, most recently head of the lost Falcon Private Bank, was appointed as the new CEO, as the financial institution announced on Friday. He succeeds Daniel Lipp who left the bank. Founded in 1949, Ihag Privatbank is owned by Your gratian, a descendant of the industrialist and arms manufacturer who died in 1956 Emil Georg Bührle.
According to the latest information, Anda holds around 80 percent of the shares, while his cousin, Carol Franz-Bührle, owns about 20 percent. The bank is part of the corresponding IHFS Holding and employs around 90 people.
At the same time as the change in CEO, the Board of Directors has Marianne Muller, Member of the Executive Board of SWA Swiss Auditors, and Christoph Mauchle, most recently a member of the Group Management of VP Bank, the supervisory body expanded. In this way, the bank is strengthening its strategic and technical skills in key areas and creating the conditions for future growth, the letter on Friday said.
Many years of international experience
The new CEO Keller has many years of international experience at executive and board level in wealth and asset management. Before joining Falcon, he was CEO of Credit Suisse Asset Management in the EMEA region from 2011 to 2016. Before that, he held various management positions at Man Investments, Deutsche Bank, UBS and other international financial institutions.
Daniel Lipp leaves the bank after three and a half years by “mutual agreement”. Ihag posted a loss in the 2019 financial year and had to cut almost 20 percent of the workforce after a significant outflow of customer money. It was not until 2019 that the bank’s management managed to clean up its customer book and concentrate on the home market in the course of exiting offshore markets.
Which investments will bring in the most in 2021?
Private market investments