Coutts International’s chief executive Alexander Classen is set to step down within the coming two to three weeks following its sale by RBS to Swiss private bank UBP.
Classen was asked to spearhead the integration of the two private banks, but has declined the offer, Reuters reported citing a source familiar with the matter.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Classen has overseen the sale of the bank’s Latin American, Caribbean and African private banking units to Royal Bank of Canada along with closure of smaller businesses in Europe during his four year tenure at the helm.
The departure of Classen comes following the departures of other two Coutts bankers Michael Vlahovic and Daniel Furtwaengler in Zurich recently.
Vlahovic served as head of private banking in Eastern and Central Europe while Fuertwaenger served as head of private banking wealth international, Zurich.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
