Banque Internationale à Luxembourg (BIL) has named Thierry de Loriol as new chief executive of its Swiss operations.
In his new role, de Loriol will be responsible to boost BIL’s private banking and wealth management activities in Switzerland.
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de Loriol will be succeeding Michel Wohl, who will take over a new role as adviser to the board of directors of BIL Suisse.
Additionally, de Loriol will also chair the management board, whose members include vice chairman Alfons Widmer and CFO Rolf Tresch.
Prior to joining BIL, de Loriol worked with Banque Cramer & Cie as an adviser to the board.
Previously, he also held senior management roles with the Swiss banks Clariden Leu, Banque de Dépôts et de Gestion and Sinara Capital Management.
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By GlobalDataHe also held finance and marketing teams in several major financial centres in the UK, Germany and Japan.
Adrian Leuenberger, member of BIL Group’s management board and head of wealth management, said: "Thierry is a talented and experienced individual and a welcome addition to our management team as we seek to deepen our footprint in Switzerland and internationally."
Leuenberger added: "Over the last years, BIL Suisse, with its significant capital equity, has continued to pursue new markets and our Swiss team has demonstrated its commitment through times of new projects and tough economic conditions."
