Zurich, Switzerland – After nearly two decades at Credit Suisse, banking veteran Philipp Wehle is set to return to the financial sector as a partner and deputy CEO at Swiss Private Client Bank. This appointment, effective March 2025, marks a significant move for the Zurich-based private bank as it aims to strengthen its position in the wealth management sector.
Wehle’s transition follows a distinguished career at Credit Suisse (CS), where he held multiple leadership roles across Switzerland and Singapore. His most recent positions included CEO and CFO of International/Global Wealth Management, where he played a pivotal role in overseeing the bank’s global operations. After leaving Credit Suisse in November 2023 to take a break and spend time with his family, he is now returning to the industry, acquiring a stake in Private Client Bank and stepping into a newly created leadership position.
Wehle’s appointment comes at a time when Private Client Bank is looking to expand its footprint, particularly in Switzerland and Europe. Speaking to finews.asia, Wehle emphasized his commitment to direct client engagement and the bank’s growth ambitions, stating:
“The bank is ready for further growth steps.”
The move aligns with Private Client Bank’s long-term strategy of expanding its services for high-net-worth individuals (HNWIs) and entrepreneurial families, ensuring it remains a key player in Switzerland’s competitive private banking sector.
Founded in 1998, Swiss Private Client Bank is headquartered in Zurich’s Alte Börse and is known for its discreet and independent financial advisory services. The bank serves wealthy entrepreneurial families and individuals, focusing on holistic wealth management solutions. It collaborates with domestic and international institutions for account management and securities custody.
While the bank does not publicly disclose its financial figures, industry estimates suggest that it manages assets in the single-digit billion range.
The institution remains privately owned, with backing from Swiss and German entrepreneurial families who prefer to stay anonymous.
Wehle will work alongside CEO Ivan Adamovich, who has led the bank since 2017. Adamovich brings significant experience from Wegelin & Co., Switzerland’s oldest private bank, where he was part of the management team from 2009 to 2012. He later served as Deputy CEO at Notenstein, the bank that took over Wegelin’s operations following its collapse.
The chairman of Private Client Bank, Konrad Hummler, is another well-known figure in Swiss banking. Hummler was previously the managing partner of Wegelin until 2012, when the bank faced U.S. tax evasion charges that ultimately led to its demise. After a six-year hiatus from the financial sector, he returned in 2018 as chairman of Private Client Bank, helping guide its strategy and operations.
Wehle’s entry into Private Client Bank signifies a new phase of growth and strategic expansion for the institution. His extensive experience in global wealth management, particularly in Asian and European markets, is expected to enhance the bank’s international client services.
With the ongoing consolidation in Swiss private banking, this appointment highlights how boutique banks like Private Client Bank are positioning themselves as exclusive, client-focused alternatives to larger financial institutions.
As the Swiss wealth management sector continues to evolve, Private Client Bank aims to leverage its experienced leadership team and independent ownership structure to attract and serve ultra-high-net-worth clients looking for discreet, customized financial solutions.
This move signals the bank’s intent to expand its influence in the global private banking landscape, with a strong emphasis on client relationships, innovation, and long-term wealth preservation.
Source: finews.asia
