Two Credit Suisse private bankers are joining a smaller, family-controlled rival to build up a business targeted at entrepreneurs. 

IHAG Private Bank is expanding by hiring Beat Gerber and Urs Wenk to run an entrepreneur's desk, the bank said in a statement on Tuesday. The Zurich-based wealth manager aims to target executives and business owners with family wealth planning.

«Switzerland is full of family-owned firms, roughly 20 percent of which will shift to the next generation in the coming five years», Gerber said. He was previously Credit Suisse's head of Zurich south for entrepreneurs and executives, before which he was with Lombard Odier. 

Urs Wenk 505

Urs Wenk (pictured above) was also with Credit Suisse's entrepreneurs and executives business. IHAG is majority-owned by Gratian Anda, the grandson of Emil George Buehrle, a weapons manufacturer and noted art patron who died in 1956. The 49-year-old Anda owns 80 percent of IHAG's stock while cousin Carol Franz-Buehrle holds the remaining 20 percent.