Rothschild & Co has appointed former Julius Baer banker Andreas FELLER to head its Swiss Onshore business in Zurich, effective 1 April 2022.
Analyze opportunies within the wealth management market in APAC
- The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
- The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
- The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
- The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
- The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
In his new role, Feller will be responsible for overseeing and developing Rothschild & Co’s Swiss onshore teams in Zurich. He will also support the continued growth of the company’s client base in the German-speaking regions of Switzerland.
Feller, who is also named as Rothschild & Co private banking deputy head in Zurich, will work under private banking head in Zurich Heinz Nesshold.
Commenting on the appointment, Rothschild & Co Switzerland Wealth Management business CEO Laurent Gagnebin said: “This is a very important appointment for us as we focus on accelerating the growth of our business in Zurich.
“Andreas brings a wealth of experience and a vast network that will help us to achieve our goals and continue to grow our onshore activities in Zurich considerably.”
Feller has over 25 years of experience in the banking industry. He was most recently head of German-speaking Switzerland at Bank Julius Baer in Zurich.
During his time at Julius Baer, he also served as head of Private Banking Zurich, Eastern Switzerland, and UHNWI Switzerland.
Feller held several key positions in the area of portfolio management, advisory, and investment solutions at a number of companies.
These include his roles as head of portfolio management at Clariden Bank in Zurich, as head of wealth management solutions at Bank Vontobel and as head of investment solutions and advisory at Bank Julius Baer.
In December 2020, Rothschild & Co Bank, the wealth management subsidiary of Rothschild & Co, signed a deal to buy Swiss rival Banque Pâris Bertrand.
Analyze opportunies within the wealth management market in APAC
- The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
- The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
- The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
- The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
- The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.