By Andrei Skvarsky.
Eurex, a derivatives exchange owned by Deutsche Boerse, is going to part company with its chairman Hugo Banziger, who has been appointed as a managing partner of Lombard Odier, one of Europe’s largest private banking firms.
The Swiss economist’s appointment as the ninth managing partner of the oldest private bank in Geneva takes effect on April 1, Lombard Odier said in a statement.
Banziger spent 16 years at Deutsche Bank before joining Eurex in 2012. He held a variety of top positions at the German lender, the latest being that of chief risk officer.
Earlier on, he held international management positions at Credit Suisse and Deutsche Morgan Grenfell.
Banziger started his career as an assistant to the chairman of the Swiss Federal Banking Commission. His record includes membership of the European Union’s High-Level Expert Group on Structural Reforms in the Banking Sector (Liikanen Group) and chairmanship of the advisory panel of the Committee of European Banking Supervisors.
Banziger is also adjunct professor at the University of Chicago Booth School of Business, a visiting professor of the Lew Kwan Yew Institute for Public Policy at the National University of Singapore, and a visiting professor at the London School of Economics.
Banziger read modern history, constitutional law and economics at Bern University and wrote a doctoral thesis on the “Development of Financial Regulation in Switzerland”.
He is a member of the Geneva-based Assembly of the International Committee of the Red Cross.
Lombard Odier, a seven-generation family business set up in 1796, offers a range of services such as wealth management and consultancy. It has a network of 25 offices in 18 countries, including emerging markets.
The bank had total client assets of $225bn at the end of September 2013, a $192bn share of which were assets under management.
Lombard Odier has a staff of about 2,000.