In his new role Mr Cramb will oversee operations, information management, human resources and logistics, and will also become a member of the bank’s executive committee. He will report directly to Guy de Picciotto, chief executive of UBP.

Prior to his appointment at UBP Mr Cramb was EMEA consumer chief operating officer at Citigroup. Having first joined in 1992, his career at the US bank also included having held the positions of risk manager, head of human resources, chief of staff and chief operating officer.

UBP said in a statement that this new addition to its senior management will strengthen its operational infrastructure in terms of the services and support required to develop its activities.

“He will be contributing precious, internationally-acquired experience spanning more than fifteen years in operations, information technology services and management,” Mr Picciotto said.

Mr Cramb’s appointment closely follows that of Richard Wohanka, the former chief executive of Fortis Investment Management, as CEO of UBP’s new asset management and alternative investments division.