The LLB group - which recently had a brand makeover - continues to announce changes across its network.

The board of directors of LLB (Schweiz) AG (formerly Bank Linth LLB AG) has appointed René Zwicky as chairman of the board of management, with effect from 3 January 2024.

He will be succeeding David Sarasin, who has asked to leave LLB Schweiz at the end of this year. Zwicky will join Martin Kaindl (CFO) and Manfred Pfammatter (head of corporate and direct client business) to complete the three-man board of management at LLB Schweiz.

In addition to his position as CEO - subject to the approval of the competent supervisory authorities - Zwicky will be responsible for markets, focusing on the continuing development of private banking and the bank’s business dealings with external asset managers.

Zwicky, who has more than 28 years of professional experience, has continually deepened his expertise working in a variety of roles and departments at UBS. He possesses in-depth knowledge of private banking and has many years of management experience. Zwicky, a Swiss citizen, currently works as a managing director in wealth management at UBS. He has an excellent network and is very familiar with Switzerland’s financial sector.

“We are very pleased to have recruited the ideal CEO in René Zwicky. He brings both leadership experience and decision-making qualities to the table. We are confident that the appointment of René Zwicky will allow us to achieve our ambitions for growth in the Swiss market,” Urs Müller, chairman of LLB’s board of directors, said.

Muller also acknowledged Sarasin’s contribution towards transforming Bank Linth into “a modern and successful retail bank.”