Beat Wittmann to leave Clariden Leu
Zurich (ots) - Beat Wittmann, CEO Investment Products and Member of Clariden Leu's Executive Board, is leaving the bank. Martin Klaus, an experienced manager with in-depth knowledge of the sector, will take charge of the Investment Products division on an interim basis.
Mr Klaus has headed the Business Development unit at Investment Products since January 1, 2007. As he is very well versed in the division's strategy and product portfolio, he will ensure continuity. Previously, over a period of 14 years, Martin Klaus was responsible for a number of Bank Leu units, including Trading, Investment Funds, Structured Products, Financing, and Asset & Liability Management.
Clariden Leu is not altering its existing and successful business model, in which two areas of activity - Private Banking and Investment Products - complement each other.
Clariden Leu Ltd came into being on January 26, 2007 as a result of the merger of Credit Suisse's four private banks - Clariden, Bank Leu, Bank Hofmann, and BGP Banca di Gestione Patrimoniale - as well as the securities dealer Credit Suisse Fides. It is a leading private bank offering a comprehensive and high-quality range of products and advisory services. With over 20 offices worldwide, Clariden Leu serves wealthy clients with demanding wealth management and product requirements, external asset managers, and wholesale clients. With assets under management of some CHF 124 billion, Clariden Leu is one of Switzerland's biggest asset managers.
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