Clariden Leu promotes internally for structured products

Swiss private bank Clariden Leu has promoted Erwin Hefti to replace Richard Loretan as head of structured products. Zurich-based Hefti will report to Clariden Leu’s interim chief executive officer of investment products Martin Klaus.

A spokeswoman at Clariden Leu says the Swiss private bank will appoint a new chief executive officer of investments products. She declined to give details of when the announcement would be made.

Hefti was previously with Bank Leu before the merger of Clariden Bank, BGP Banca di Gestione Patrimoniale, Bank Hofmann, Bank Leu and the securities dealer Credit Suisse Fides last year. He was responsible for securities and structured products trading in the structured products division at Bank Leu.

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