SWITZERLAND – Watson Wyatt in Switzerland has lost one of its senior investment consultants with the departure of Gioacchino Puglia to Swiss private bank Darier Hentsch.

Puglia, who quits Watsons after seven years at the firm’s Zurich office, has become a vice president at the bank, with specific responsibility for development of the firm’s institutional business and structuring for client servicing.

He comments: “I will still do some consulting work for a few of Darier Hentsch’s global clients, but it will not be the main part of my job.”

Puglia says his reason for departing Watsons was the lure of a new challenge: “I was involved in the build up of the Swiss business for Watson Wyatt and I needed a new challenge. Darier Hentsch has offered me this challenge to build up its institutional arm from what is already a very good client base.”