A longstanding EFG private banker is climbing the ranks within the Marcuard Group.

Marcuard Heritage is appointing Pedro Pereira da Silva as managing director, effective immediately according to the banker's LinkedIn profile.

The Portuguese native most recently worked for Atlantis Marcuard, another company in the group, prior to which, he spent almost twelve years at the private bank EFG International.

The independent asset manager Marcuard Heritage, with offices in Zurich, Moscow, London, Singapore and Limassol employs a total of around 60 people.

Alpinum Investment Management, an institutional asset manager licensed by Finma also belongs to the group.