Goldman Sachs Poaches Swiss Wealth Boss

Goldman Sachs is nabbing a senior private banker from rival Lombard Odier to run its Swiss wealth management arm, finews.com has learned. The American powerhouse is hiring Dominique Wohnlich, Lombard Odier’s top private banker in Zurich, a person familiar with the matter told finews.com on Monday. Wohnlich will oversee Goldman’s bank in Zurich, recently upgraded under Swiss head Stefan Bollinger. The…

Goldman Sachs is reportedly combining four private-investing units with $140 billion in total assets

KEY POINTS Goldman Sachs is merging four separate private-investment groups into one unit in an attempt to generate steadier income and make itself more attractive to investors, The Wall Street Journal reported Sunday. The new division, which combines units investing in private companies, real estate and “other hard-to-access deals,” is expected to command roughly $140…

Private Banking London Award winners announced

PBI’s London Awards were announced on Thursday at a ceremony in London’s West End, which recognised the best private banks, wealth managers and vendors in the UK and Europe. The awards followed PBI’s London conference on the same day, which identified some of the major trends affecting private banking and wealth management in the UK and…

EFG With New Service for Asset Managers

EFG wants to bolster the business with independent asset managers. The private bank is launching a multi-custody platform for this purpose. EFG International, a Zurich-based private bank, will broaden the services for independent asset managers over a three-year period. In a first step, the bank will launch a new platform, the company said in a…