Banque Internationale à Luxembourg (Suisse) has appointed Thierry de Loriol as chief executive of its Swiss operations as part of its international growth strategy.

Banque Internationale à Luxembourg (Suisse) SA, the Swiss subsidiary of the Luxembourg-headquartered BIL Group, has appointed Thierry de Loriol as chief executive of its Swiss operations as part of its international growth strategy.

The new CEO replaces Michel Wohl, who is moving to become advisor to the board of directors of BIL Suisse; de Loriol will also chair the management board. He joins from Banque Cramer & Cie, where he was an advisor to the board and held senior management posts with Swiss banks Clariden Leu, Banque de Dépôts et de Gestion and Sinara Capital Management. He has also led finance and marketing teams in several major financial centres during his career, including the UK, Germany and Japan.

“At a time when many firms are retrenching from private banking and wealth management, we are making advances. Thierry is a talented and experienced individual, and a welcome addition to our management team as we seek to deepen our footprint in Switzerland and internationally. BIL Suisse is one of our most important offices and booking centres outside of Luxembourg, and the knowledge and capabilities we have built up gives us an excellent foundation for future expansion,” said Adrian Leuenberger, member of BIL Group’s management board and head of wealth management.

Founded in 1856, Banque Internationale à Luxembourg (BIL) is Luxembourg’s oldest private bank and also has offices in Switzerland, Singapore, Denmark, the Middle East and Belgium.