Notenstein La Roche is losing two relationship advisers, who will be joining an asset manager in St. Gallen. These departures are just the latest following several high-profile moves.

Notenstein La Roche has seen a string of executives and relationship managers leave in recent months as the private bank is in the process of readjusting its business – finews.com reported on it (here and here).

The latest moves are the departures of Daniel Inauen and Thomas Frischknecht (pictured below). The two relationship managers are joining Altor as partners, the wealth management company confirmed.

Frischknecht 500

With the appointment of the two bankers, Altor now has a team of seven, all in the position of partners.

Inauen and Frischknecht worked for Wegelin private bank before switching to the newly founded Notenstein La Roche five years ago. The two have both 20 years and more of experience in the industry.