Swiss property specialist Avobis named a Julius Baer banker as its new Chief Executive, part of a push into advisory and sales services with a newly-created unit.
Zurich-based Avobis said it is hiring Alessandro Carroccia as its new CEO, effective immediately.
The move comes as the company, which provides services in real estate, mortgage lending, asset management and transactions, creates a new unit for advisory and sales.
Avobis is also hiring seven advisory specialists for the new unit, a move intended to strengthen Avobis' position in client advisory.
Julius Baer Vet
Carroccia is a 10-year veteran of Zurich-based Julius Baer, where he built up a new offering for property financing. Prior to that, he was with Credit Suisse and Bank Leu.
He replaces Thomas Abegg, who is relinquishing the CEO role in order to become chairman of the firm. Abegg is a co-founder of one of firms which merged earlier this year to form Avobis.
