Franco-German financial group Oddo BHF poaches a number of Credit Suisse private bankers who had been managing German entrepreneurs and ultra-high net worth clients.
The local branch of Oddo BHF (website in German only) hired a team of six bankers at the start of November, according to a media release sent by the Franco-German bank group on Wednesday.
The team is led by former Credit Suisse executive Nadine Maier. It is based in Zurich and it concentrates on advising and managing German ultra-high net worth clients (UHNWI). In the new job, Maier will report directly to Swiss head Martin Liebi, who has been leading Oddo BHF Schweiz since 2021.
Expanded Position
Liebi has certainly managed a coup with this latest set of hires, which comes at the expense of Credit Suisse and its new parent, UBS. «The expertise and extensive years of experience in the team will help us to further expand our position as a leading provider in private wealth management in the German-speaking regions of Switzerland», the manager indicated in the announcement.
Maier, the team head, had been working for Credit Suisse since 2017, her last position being that of managing director and head of UHNWI clients managing German entrepreneur families, as finews.com. Before that, Maier worked for Bank am Bellevue, Deutsche Bank (Switzerland), Dresdner Bank, and the former Kleinwort Benson Private Bank related to the UHNW and family office client business.
Growth Path
For Maier, the change is a homecoming of sorts given that BHF Kleinwort Benson was taken over by Oddo in 2016. The group subsequently purchased Landolt & Cie in 2021 and it continues to strengthen its position in Switzerland.
Oddo BHF employs 2,700 staff and manages over 128 billion euros in client assets.
