Credit Suisse's premium clients' division in Switzerland is adding to its team of experts. The big bank has succeeded in luring away a leading investment banker from a competitor, finews.com has learned.
Philippe Leuenberger is joining Credit Suisse (CS) in Switzerland on April 1 and will take charge of the new «Strategic Advisory and Structured Financing Solutions» division in the premium clients department. This is according to an internal memo obtained by finews.com. The department is responsible for serving very wealthy clients at the big bank, many of whom no longer communicate with the bank personally but through professional advisers such as family offices.
Leuenberger reports to Felix Baumgartner, head of premium clients, and also to Jens Haas, head of investment banking Switzerland. This shows how closely the division, which in fact belongs to asset management, cooperates with the CS investment bank.
From Lazard to CS
As part of the growth strategy for the ultra-high-net-worth client segment in Switzerland, Leuenberger and his team will work with client advisers and product specialists from investment banking to develop solutions for complex client needs, including identifying M&A and capital market transactions and implementing structured financing.
The new hire is an investment banker by background with more than 20 years of experience in the profession. Prior to joining CS, Leuenberger led this business for Bank Lazard in Switzerland.
