A group of veteran Russia private bankers is striking out on their own. Their newly-launched wealth boutique pursues an unusual pricing model.
A handful of Russia private bankers are launching Amber Lion Capital, a Zurich-based wealth management boutique, finews.com has learned. Finance and operating chief Olivier Bernard was joined by investment head Roman Neuhauser this month.
The company was founded in Zurich last year, with the majority of founders Russian wealth management veterans who moved from Société Générale in Zurich to J. Safra Sarasin together in 2015. Bernard also worked for the French lender, but most recently was a private banker at Julius Baer.
No Set Fees
While Neuhauser and Bernard are already tending to clients, the remainder of Amber Lion's founders are waiting out their respective notice periods. The firm is poised to fully launch in spring, the duo told finews.com.
Part of Amber Lion's strategy is a different pricing model to other boutiques: the founders are eschewing set performance fees in favor of a profit-sharing model.
