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BIL Suisse Adds To Zurich Teams

Editorial Staff 17 June 2024

BIL Suisse Adds To Zurich Teams

The bank operates in a number of Swiss locations.

BIL Suisse, the private bank which has offices in Geneva, Lugano, and Zurich, has appointed a quartet of managers to join its operations. 

Natalia Lopez, Michael Zah, Sebastian Capone, Steven Schraner have joined the firm, according to a LinkedIn post by the bank. 

Zah has been an executive director at UBS, and senior client advisor for the Swiss bank’s wealth management business, based in Zurich. Capone, according to his LinkedIn profile, is a senior investment advisor at BIL Suisse, also based in Zurich. Prior to this, he was a client portfolio manager for Credit Suisse, and before that, he held the same role at UBS. 

Schraner is in senior sales and business development at BIL Suisse. Previously, he worked at Carne Group as a client relationship manager based in Zurich. He is involved in serving the external asset managers market, as is Lopez, the post said.

According to the bank's 2023 report issued in April this year, it has been in “transition.”

BIL Group, the Luxembourg-headquartered parent entity, said it reported a net income after tax of €202 million, driven by “solid” revenue growth, partly offset by an increase in expenses and cost of risk. Customer deposits of €18.5 billion ($19.8 billion) fell mainly due to clients moving their deposits to higher return investments and proceeding to the early repayment of their variable rate loans in the context of higher interest rates. Customer loans, of €16.3 billion were stable from a year earlier. BIL had €43.8 billion in assets under management, up 0.7 per cent on a year before. Its Common Equity Tier 1 ratio was 14.41 per cent at the end of 2023, and the liquidity coverage ratio rose to 174 per cent from 153 per cent in 2022.

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