The Association of Swiss Private Banks (ASPB) has named Yves Mirabaud, senior partner of Mirabaud, as its new chairman with immediate effect.

Mirabaud will replace Christoph Gloor, who resigned after Notenstein Private Bank has taken over the activities of Basel-headquartered Swiss private bank La Roche.

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ASPB said: "As senior partner of Mirabaud, an especially active group that has posted strong growth in recent years and is present in the main Swiss and global financial centres, Yves Mirabaud has the ideal experience to help the ASPB and its members continue to take an active role in defending the interests of the industry, both domestically and internationally.

"The Swiss Private Banks would like to thank Christoph Gloor for his valuable contribution as Chairman this past year."

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