The Luxembourg-based KBL European Private Bankers has announced the recruitment of Kamber Borens to establish the private banking group’s swiss activities upon the creation of its Swiss business.
Kamber Borens previously worked for UBS as the group CFO for Asia-Pacific, before joining Credit Suisse in 2016 as the firm’s COO, leaving the bank in 2018.
The acquisition of Kamber Borens reflects KBL CEO Jürg Zeltner’s ambitions to grow the group’s market share across Europe, according to a report by Finews Asia. KBL is made up of a network of European private banks, including the German Merck Finck and the UK-based Brown Shipley.
KBL, under Zeltner’s direction, is hoping to purchase the small Zurich-based wealth manager Bank am Bellevue, which will allow KBL to re-enter the Swiss market following the sale of its own private bank in 2015.
Kamber Borens’ arrival to join KBL is based on the approval of the firm’s purchase of Bank am Bellevue by the Swiss regulator, and the conclusion of discussion regarding Bellevue’s employees.
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