Globalance, the new Swiss sustainable banking venture of SAM founder Reto Ringger, has appointed a former top wealth management executive from Deutsche Bank to its board.
Daniel Jagmetti, who left Deutsche at the end of 2010, was a former head of wealth management for Swiss private clients at the German bank. Since late last year he has been a partner at Swiss-based management consulting firm Seestatt Consulting.
Jagmetti, who also sits on the board of Portfolio Partner AG and Zeit Zone Zürich, takes over from Thomas Kubr, the founder and CEO of asset management firm Capital Dynamics AG, who has left the Globalance board.
Globalance officially launched just over a year ago, when it announced it had received a banking license from the Swiss Banking authority FINMA.
“This innovative bank focuses on sustainableinvestments, distributes no proprietary products, and offers its clients total transparency with regard to overall costs,” it said at the time.
Ringger is the founder of SAM, Sustainable Asset Management, the Zurich-based sustainable funds boutique that is now part of Dutch-owned Robeco.
The five-member Globalance board is chaired by Felix Ehrat, the former chair at law firm Bär & Karrer who is now Group General Counsel at pharmaceuticals giant Novartis.
Globalance has a four-member executive committee which comprises Ringger, founding partner Urs Landolt, operating chief Adrian Left and investments head André Ruppli. In addition there is a three-strong CEO office team. Rounding out the outfit are nine staff in the clients, investment and operations departments.