Indosuez Wealth Management has hired Emile Salawi has head of key clients and single family offices development.
Based in Geneva, Salawi will report to Isabelle jacob-Nebout, head of wealth management. In addition, he becomes a member of the wealth management executive committee.
Salawai will be in charge of developing UHNWI and single family office clients across the bank’s target markets. These include Europe, Asia, Middle East and Latin America.
He holds close to 25 years of experience in the banking sector and began at the mergers and acquisitions department of UBS in London. Following that, Salawi worked at Donaldson, Lufkin & Jenrette’s investment banking unit in Paris.
From 2011, he worked in a number of roles at BNP Paribas in Switzerland, including covering single family offices and key clients.
Jacob-Nebout said: “We are delighted to welcome Emile, who brings extensive experience in complementary business lines such as investment banking and private banking to accelerate the commercial development of the strategic client segment of Ultra High and Single Family Offices for Indosuez.”
Changes in Indosuez for key clients
Indosuez Wealth Management also recently renamed Credit Agricole Private Banking Services (CA-PBS) as Azqore.
Azqore’s creation follows a strategic review that started in 2016 and consultation with employees, clients and industry specialists.
CA-PBS was set up in Switzerland in 1992 and currently manages CHF150bn in assets. The unit has offices in Geneva, Lausanne and Singapore, and tends to 30 private banks across 11 countries.
Azqore, which will serve as an independent subsidiary of Indosuez, offers integrated technology services, operational back office and project consultancy through its S2i platform.
The business recently upgraded its S2i platform in cooperation with long-term partner Capgemini. The upgrade launches new languages, tools, as well as working methods.
Azqore CEO Pierre Dulon said: “With its 25 years of experience, Azqore is well positioned to be the go-to partner for private banks and wealth managers which have a need for digital and operational transformation.