VP Bank has hired a new chief operating officer for its Swiss branch, according to information obtained by finews.com. The former Swissair pilot and Notenstein banker actually was expected to move to Vontobel.
Oliver Moehl will assume his duties as chief operating officer at VP Bank Switzerland on March 19, a spokesman for the Zurich-based unit told finews.com.
Moehl started his business career outside the financial services industry. He completed the renowned training program for pilots at Swissair and worked for the now defunct airline for one-and-a-half years and a short while for its successor firm, Swiss International.
Moscow Research Associate
The political scientist then moved to Moscow, working as a research associate at the Swiss Embassy. He also was active for Carnegie Endowment for International Peace, a non-profit organization.
In 2007, he joined UBS as a relationship manager for rich Russian clients. He later moved on to Wegelin and, after its demise, to Notenstein La Roche private bank. There, he was in charge of the team catering to Eastern European clients.
Sold to Vontobel – Not
Notenstein La Roche last year sold this team including portfolios to Vontobel, as finews.com had reported exclusively at the time. Moehl was due to move to the Zurich-based private bank as well, but the two parties didn't get to an agreement – and hence he will now start in a new job at VP.
The Liechtenstein-based company last week confirmed that it was looking to hire another 75 relationship managers by the end of 2019 and also has an acquisition on its wish list. VP Bank has had an office in Moscow since 2005.
