Zurich-based fund manager LLB Swiss Investment has hired Dominik Rutishauser from GAM Investment Management (Switzerland) to serve as its new CEO.

Rutishauser will assume the new responsibility at the beginning of next year.

He will replace Marcel Weiss, who will join AMG Fondsverwaltung to work on the client side of the business.

LLB Group head of institutional clients Natalie Epp said: “I would like to thank Marcel Weiss for the excellent working relationship as part of the successful acquisition and integration of LLB Swiss Investment AG into the LLB Group at the beginning of 2018.”

At GAM, Rutishauser led the client directors team in private label funds.

He also worked in the fund and securitisation business for institutional clients at UBS, Julius Baer, as well as Swiss Re.

“With Dominik Rutishauser, we are gaining an extremely distinguished personality for LLB Swiss Investment AG. He contributes both strategic thinking and many years of management experience as well as profound specialist knowledge, and he has an extensive network within the Swiss fund market,” Epp noted.

LLB Swiss Investment, previously known as LB (Swiss) Investment, was taken over by Vaduz-based Liechtensteinische Landesbank (LLB) in February this year.