Union Bancaire Privee's investment chief in private banking is leaving the Swiss bank, finews.asia has learned. UBP found a replacement – a veteran of the company.

«Jean-Sylvain Perrig has decided to leave the bank and pursue new career goals,» a spokeswoman for Union Bancaire Privée (UBP) confirmed to finews.asia. Perrig had been in the role for roughly two and a half years. He had been with UBP since 2000, except for an 18-month stint with Banque Privee Edmond de Rothschild in 2012 and 2013.

Norman Villamin 500

Perrig will be replaced by Norman Villamin (pictured above), currently Head of Investment Services and Treasury & Trading teams in Zurich, a position he will keep alongside his new role. In the new role, Villamin – who joined UBP as part of the Geneva bank's takeover of Coutts early last year – will report to Michaël Lok, UBP’s co-CEO of Asset Management.