Seba is reordering its C-suite following the exit of its asset and wealth management head. The crypto bank is replenishing with a Julius Baer banker.
Just months after winning a banking license from Switzerland's regulator, Seba is shuffling its management ranks: co-founder and head of asset and wealth management Daniel Renner is leaving the fledgling bank, Seba told staff. It is also hiring Markus Blattmann, a Julius Baer banker, as its head risk chief.
Renner's job will be taken by Philipp Baretta, Seba's risk and finance chief until now. The move was first reported by Swiss banking blog «Inside Paradeplatz» (in German). Baretta's current job will be divied up between new risk boss Blattmann and David Matter, a chief of staff who will take the top finance position in February.
Wealth Tie-Up
The finance job is key in CEO Guido Buehler's management: Matter will oversee traditional financial topics like taxes and controlling, but also marketing, human resources, as well as operational risk.
Seba clinched a key partnership with Julius Baer earlier this year, which kicked in when the bank won a license from Swiss finance regulator Finma in August, along with competitor Syngum.
Tapping Funding
Under Blattmann, currently Julius Baer's risk boss for emerging market clients, Seba wants to bulk up on risk managers. By year-end, the bank wants to win more than 100 clients, CEO Buehler said last month. This is the basis for the company's plan to tap another $100 million in funding early next year.
«I am fully convinced that these organizational changes and the respective appointments at the executive committee will enhance Seba's capabilities and effectiveness in professionalization, scalability and internationalization ensuring strong partnerships with all stakeholders,» CEO Buehler wrote in a staff memo seen by finews.com.
