SWITZERLAND - Erich Züger, investment controller at Swiss pension consultant Complementa Investment-Controlling, will leave the company in January.
He is the second controller to quit Complementa in four weeks after Michael Frei announced he would join Swiss asset and liability management company OLZ.
Züger told IPE that he would be taking up a position in the sales and distribution team at newly created Clariden Leu private bank, a subsidiary of Credit Suisse.
The bank was formed by a merger of five Credit Suisse private banks Clariden Bank, BGP Banca di Gestione Patrimoniale, Bank Hofmann, Bank Leu as well as the securities broker Credit Suisse Fides. The bank will set up shop on January 29.
"I was interested in a job with a more international orientation," Züger said explaining his reasons for leaving Complementa. "And even more I was interested in working in product management."
At the beginning of November Clariden Leu announced it had recruited Miklos Vidak, head of marketing management at Julius Bear, for its own marketing management department.
Complementa has delegated Frei's and Züger's among three controllers Philipp Sigrist, Stefan Hess and Daniel Hofstetter.