Stefan Laternser, a former senior UBS investment manager in Switzerland, has joined MSReturn, part of the Liechtenstein-based Money Service Group, as chief executive.

MSReturn is a wealth management firm focusing on financial advice and management for institutional as well as private clients.

Mr Laternser joins from Centrum Bank, a Liechtenstein-based private bank, where he was CEO. Previously he was head of UBS portfolio management and then head of investment consulting at the Swiss banking giant.

The Money Service Group is independent and privately owned. In spring 2010 the firm is expected to open new headquarters in Liechtenstein.