The Swiss private bank's markets head is moving over to wealth management to work on developing technology-driven new operating models.

Julius Baer announced yesterday that the head of its markets division, Peter Gerlach, is switching to its wealth management arm on 1 July.

As part of the change, Luigi Vignola, who is global head for structured products, will succeed Gerlach.

Gerlach will "focus on the development of new wealth management business models for the group", the bank said in a statement.

Julius Baer is to "advance the research and development of new, technology-driven business models", making use of internal resources and partnerships with outside individuals and organisations, it said.

In his new role, Gerlach will report to the bank's chief executive, Bernhard Hodler.
 
His successor Vignola joined the bank’s structured products area in 2009. In 2012 he moved to Singapore to lead the Asian products teams as head markets and advisory solutions. In 2017 he was appointed global head structured products and relocated back to Switzerland.