The wealth manager has a new head of its UK private banking business.

Zurich-listed EFG International has appointed Michael Vlahovic as its new head of private banking in the UK, taking over from Daniel Gerber, who is leaving the business.

Vlahovic's appointment is effective as of 1 July, subject to regulatory approvals. He will be based in London, reporting to Anthony Cooke-Yarborough, Head of UK Region and member of EFG International’s executive committee.

Vlahovic joined EFG in Zurich in 2015 as managing director for Eastern Europe and Russia, and was also appointed global market coordinator for Russia/CIS. He will continue this market coordinator role alongside his new responsibilities.

Before joining EFG, Vlahovic was at Coutts from 2010 to 2015, where he was a member of the general management committee with responsibility for the bank's business in Russia/CIS, as well as being chairman of the management committee of its Monaco branch. Previously, he spent 15 years at Credit Suisse where, from 2006 to 2010, he was MD, head of private banking, covering Russia, Central Europe, Central Asia and Greece.

From 2000 to 2006, he was head of private banking, based in Zurich, responsible for a team of bankers covering the UK, Israel, South Africa, Nordic Countries and The Netherlands.

“I welcome Michael to London, and I’m very pleased that he will lead our private banking business in the UK and drive our further growth in this key market for EFG. We count on his vast experience and his knowledge of the UK private banking sector. I also would like to thank Daniel Gerber for his positive contribution and wish him all the best for his future professional endeavours," Cooke-Yarborough said.