At LGT Bank Switzerland, a Julius Baer banker is taking on the newly created role of Head of External Asset Managers Switzerland. He also gets a seat on the Swiss unit's executive board.

LGT Bank Switzerland is appointing Michel Yigit as a member of the executive board and head of External Asset Managers (EAM) Switzerland, starting November 1.

Yigit is an EAM business specialist with a long career in the Swiss asset management industry, according to a statement Monday.

Ambitious Growth Plans

As the new head of EAM Switzerland, he is tasked with supporting ambitious growth plans in a strategically important business for the bank. Yigit will help to shape the organization and highlight the EAM business developments at the board level. 

«We are convinced his contribution as the new Head of EAM Switzerland will support our ambitious growth plans in this strategically very important area and further strengthen our business,» said LGT's Head of Intermediaries business Markus Werner.

Intermediaries Experience

Yigit held various management positions in Julius Baer's Intermediaries division from 2018, including Market Head of Intermediaries for German-speaking Switzerland, Ticino, and Global Custody. Between 2003 to 2015, he held various sales and management positions at UBS, including Business Development Global Financial Intermediaries starting in 2012.