Swiss-headquartered Arner Bank has revamped its management structure with a new post of general manager, to be filled by Arner senior executive Giulio Romani, the bank said.

Mr Romani, who has spent 22 years at the bank, has been a member of its executive board since 2006. He will continue to be on the boards of directors of several affiliates of the Arner Group. Meanwhile, he will be joined in his new role by Piero Colonna and Oscar Crameri as members of general management.

Jacques Schrämli, former president of the executive board, will join the board of directors of Arner Bank.

The bank, with offices in financial centres including Lugano and Dubai, said the changes were driven by a “changeover in leadership at Arner Bank from its founding members to management”.

The move has not been made as a result of the house arrest in May this year of Nicola Bravetti, a former manager at the bank, contrary to some media reports, a spokesperson for the bank told WealthBriefing.  He has since left Arner Bank.

The changes to Arner Bank’s management structure had been discussed some time before the Bravetti matter, the spokesperson said.

“It is something we have been thinking about for a long time before this all happened,” the bank said.