Rothschild Takes Team of Ten From UBS for Swiss Market

Stephen Harris

18 September 2007

Rothschild Private Banking and Trust has hired a team of ten private bankers from UBS, to strengthen its position in the Swiss domestic market. Earlier this year, Rothschild brought in teams for the Russian and Central Asian markets, as well as Southern Europe and Latin America. Rothschild Private Banking and Trust is pursuing a growth strategy in its core markets. As part of this strategy, it is now bolstering its private banking capabilities in the Swiss market. In the Spring, a team of ten private bankers will be joining Rothschild Bank in Zurich. These private bankers have an average of more than 18 years’ experience in providing services for wealthy Swiss clients, and have an excellent track record, according to a statement from Rothschild. The head of the new team, Jean-Pierre Stillhart, will be responsible for the Swiss market and will report to Thomas Pixner, head of German Speaking Europe and Central & Eastern Europe. Veit de Maddalena chief executive officer of Rothschild Private Banking and Trust said: “I am delighted that we have been able to hire a seasoned team of experienced private bankers of this size. As part of our growth strategy, we want to concentrate on certain clearly defined core markets in onshore banking. Switzerland is one where we believe there is great potential for us.” Rothschild has already clearly expanded its private banking capabilities in other markets over the course of this year. Two teams covering Eastern Europe and Central Asia joined from ClaridenLeu. A further team joined Rothschild from BBVA (Switzerland), and is responsible for clients from Southern Europe and Latin America.