Quilvest is poaching a senior private banker from Julius Baer, finews.com has learned. She will oversee the Swiss family office's private banking activities around the world.
Quilvest is hiring Nadia Bargetzi, a Latin America wealth specialist and managing director at Julius Baer, two sources familiar with the matter told finews.com. A 14-year veteran of the Swiss private bank, Bargetzi will be responsible for the international private banking activities of Quilvest's Swiss business from October 1.
Latin America, which makes for a huge chunk of the Luxembourg-based family office's activities, will continue to be led by Bruno Fuchs. The hire of Bargetzi is emblematic of Quilvest's pledge to grow: the family office arm manages $30 billion overall, and maintains eight offices including Paris, Singapore, Montevideo und Santiago. Roughly 100 of the wealth unit's total 320 employees are in Switzerland.
Zurich Oversight
Bargetzi will also oversee Quilvest's private bankers in Zurich, the people said. She will report to Stéphane Chrétien, who took over as head of Quilvest in Switzerland last April, as well as sit on his Swiss management committee. Quilvest, the financial office of the Bemberg brewing dynasty, didn't comment on the move.
She is a Swiss banking veteran who spent eight years with Credit Suisse before joining Julius Baer in 2005. Julius Baer's Latin American activities have sparked a three-year clean-up under CEO Bernhard Hodler as well as a major restructuring under unit head Beatriz Sanchez, as finews.com reported.
