People Moves
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.