has appointed Patrick Vogt (pictured below) as head of external asset managers. He will be taking up the role on 1 September.
Vogt, who joined in 2007, has advised EAMs at the bank for almost 20 years. He previously worked at Banque Générale du Luxembourg in Zurich in portfolio management, trading and EAMs, and began his career with a banking apprenticeship at Union Bank of Switzerland in Baden.
Patrick Vogt
Maerki Baumann has served external asset managers for more than 25 years. Its offering to that segment spans custody services, trading in traditional and digital assets, access to investment products and research, financing, e-banking and reporting.
EAMs are an important Swiss financial services sector. It has been shaken up by the arrival of new regulations in recent years, causing some firms to fold, merge or sell up to handle rising compliance burdens and client expectations. (See this news service’s stories here, and here, for example.)
Founded in 1932 and owned by the Syz family, Maerki Baumann, based in Zurich, has more than 100 employees and around SFr13 billion ($16 billion) in client assets under management. The assets are primarily sourced from Switzerland and Germany.