Falcon Private Bank faces new top executive departure

Swiss firm Falcon Private Bank, which has recently announced the departures of its CEO Walter Berchtold and chairman Christian Wenger, has reported a third major exit according to Swiss trading press.

The bank’s global head of Products and Services, Arthur Vayloyan, has stepped down from his role.

Vayloyan who joined the firm in November 2016, previously worked at Credit Suisse like Berchtold and Wenger, having served there as head Private Banking Switzerland and External Asset Management and as global head Investment Services and Products.

The new chairman of Falcon Private Bank is yet to be appointed while Martin Keller has been named chief executive officer.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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