Swiss private bank switches CEO

Swiss private banking group Clariden Leu has switched its CEO, following the decision of Hans Nützi to step down.

Credit Suisse Trust’s former CEO Olivier Jaquet, who held that role at the Credit Suisse subsidiary since 2006, takes over from Nützi with immediate effect.

Nützi will continue at the Group, becoming senior adviser to the Chair of its board of directors.

He leaves his post as CEO after four years, having started at the end of 2007.

In his time there, he oversaw the merger of five institutions that make up the Group today: Clariden Bank, Bank Leu, Bank Hofmann, BGP Banca di Gestione Patrimoniale and Credit Suisse Fides.

His successor Jaquet began his career in Swiss banking in 1994. Then, he was head of financial planning and wealth management for Swiss Bank Corporation.

He moved to Credit Suisse in 1999, working in senior roles across private banking and Winterthur insurance.

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