The Swiss cantonal bank's sell side analyst for financial services is moving into portfolio management at a rival Liechtenstein bank.
Liechtensteinische Landesbank, or LLB, is hiring Javier Lodeiro as a senior fund manager, effective immediately, according to Linkedin. Lodeiro is a well-known equity analyst who most recently was responsible for financial services on Zurich cantonal bank's sell side team.
A spokesman for said Lodeiro will reinforce its research and fund management activities, with an emphasis on sustainability. Lodeiro will also be responsible for LLB's impact research.
Brokerage Veteran
Previously, the longtime banking watcher was a senior «buy-sider» with J. Safra Sarasin until it closed its brokerage arm. Before that, he worked lengthier stints with Credit Suisse, including Clariden Leu and Bank Leu, and Sal. Oppenheim.
Zuercher Kantonalbank's brokerage arm is based on the exit of Vontobel, which in 2019 decided to abandon all so-called sell-side business and shut its investment bank. ZKB is poised to expand its brokerage arm to the U.S., as finews.com reported exclusively in April.
