Edmond de Rothschild, the Swiss private banking and asset management group, has strengthened its private banking division in Italy by hiring Daniel Bokun as executive vice-chairman.

Edmond de Rothschild has strengthened its private banking division in Italy by hiring Daniele Bokun as executive vice-chairman, the Swiss private banking and asset management group said in a statement.

The former managing director of Barclays Wealth and Investment Management for Italy has 35 years experience in the financial sector and joined Barclays back in 1980.

"We are particularly proud to welcome to our team a professional of the caliber of Daniele,” Stefano Rossi, country head for Italy Edmond de Rothschild, said in a statement.

"I am confident that his expertise in the financial sector and private banking at international level and the high level of professionalism will strengthen our business model."

Edmond de Rothschild specialises in asset management and private banking and has €133.6 billion ($181 billion) of assets under management and nearly 2,800 employees spread across 31 offices, branches and subsidiaries throughout the world.