Remo Weibel, head of distribution and a member of the management committee at AWD Suisse, the subsidiary of Germany's financial service provider AWD Holding, will assume overall direction of the firm on 1 July 2010.

Meanwhile, Nils Frowein, who held this position on an interim basis since autumn 2009, will concentrate on his responsibilities as deputy chairman of the management committee and chief operating officer of AWD Holding. However, in his capacity at the heart of AWD Holding, he remains responsible for AWD Suisse.

Weibel has worked at AWD Suisse since 1995, initially leading the firm’s operations in Lausanne, the capital of the Swiss canton of Vaud. Since January 2008, he has headed the firm’s distribution operations.

On his intentions as chief executive, Weibel said: “I intend to take advantage of the positive developments of recent months and continue to exploit the growth potential of AWD Switzerland in the future.“

In addition to his new role, Weibel will continue to head the distribution operations in Switzerland.