Heiniger was previously head of the midland region at Credit Suisse’s private bank, a role he held from 2008. During the last two years he headed "premium customers" of the Central Plateau region. Prior roles include a stint at UBS.

Among other recent moves, Notenstein said last December that Martin Liebi had been named the new head of private clients Switzerland. He joined at the start of 2015. Liebi previously worked at Schroders, the UK wealth manager, in Switzerland. He joined that firm in 2008. He has also worked at banks including Credit Suisse and Lloyds Banking Group.