The former chief executive of AIG Private Bank, Peter Wild, is resigning from the Swiss bank’s board of directors to pursue other opportunities, AIG said as it announced a number of senior management changes.

"The Board of Directors would like to thank Peter Wild for all he has done for the bank and in particular for his work on defining the strategic focus,” said Eduardo Leemann, chairman.

The private bank, which is part of listed US financial services and insurance firm American International Group, did not say what Mr Wild’s future business plans were, or elaborate on reasons for his resignation.

Mr Leemann will, under the management changes, return to lead operational management of the bank. He will be succeeded as chairman by Hans Danielsson, head of equities and chief investment officer for external clients of AIG Investments in New York.

Meanwhile, Alfred Moeckli, co-founder and former chief executive of the online bank Swissquote is to join the executive board of AIG Private Bank as its chief operating officer and head of asset management, products & services.

Mary Antenen remains chief financial office, while Thomas Lips will continue as chief investment officer. Rocco Sgobbo, chief executive for Asia Pacific, and Ulrich Schilling, head of banking services, will continue to serve on the executive board, which now has six members.

AIG Private Bank said it was focusing on asset management for clients in Switzerland, Eastern Europe and Asia.  "We are convinced that thanks to our new strategic focus we are well positioned to succeed in today's banking environment and that we will continue to develop our private client business successfully in Switzerland, Eastern Europe and Asia", Mr Danielsson said.