Swiss asset manager Vontobel has poached Thomas Heinzl from UBS to serve as its new CFO.

Heinzl will assume the new responsibility on the 28th of next month, replacing Martin Sieg Castagnola who has held the role for 12 years.

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In the future, Castagnola will support former Vontobel chairman Hans-Dieter Vontobel in managing his investments and real estate.

Heinzl held various senior roles at UBS, latterly as the COO of UBS Asset Management and chairman of UBS Asset Management Switzerland.

He played an integral role in the spin-off of Asset Management from the bank in Switzerland.

He also worked at Vontobel between 2012 and 2014.

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He was in charge of the firm’s Investments, Sales and Product Management business that is now the firm’s Wealth Management unit.

Vontobel CEO Zeno Staub said: “Martin Sieg Castagnola is part of Vontobel’s growth and success story. In recent years, Vontobel has achieved strong growth – both organically and through acquisitions – without compromising its financial stability. We are delighted that he will retain his ties to Vontobel in his new function and we wish him every success in his future role.

“His successor Thomas Heinzl is an expert with first-hand knowledge of our core businesses of asset and wealth management. He also has many years of experience in risk management matters and proven technical knowhow that fits well with our strengths in the field of technology.”

Recent appointments at Vontobel

This April, Vontobel Wealth Management named Dan Scott as its new CIO, replacing Lars Kalbreier.

Earlier this year, Bank Vontobel Europe, a Vontobel unit that serves clients in Germany, appointed Andreas Heinrichs as its new COO.