PLEION (MONACO) SAM - Gestion De Fortune

A Genevan boutique welcomes two veteran private bankers from UBS for a new Zurich office.

PLEION is appointing Sandro Steiner as the head of its newly-opened Zurich office, has learned. The private banker spent the last six years running an UBS desk for super-rich non-domiciled emerging market clients in the U.K.

Steiner also developed a global resident partners desk for UBS which tended to clients moving country. His hire, effective November 1, comes one month after PLEION hired Mark Staudenmann as the deputy head for its Zurich office.

Staudenmann spent the 26 years at UBS, where he was most recently a senior client advisor for Asian clients. He also spent several years running UBS’ Asia international desk in Hong Kong. PLEION confirmed both hires.

Ambitious Targets

CEO Patrick Heritier opened PLEION’s Zurich office last month, in a bid to focus on Swiss as well as international clients, in particular from Asia, he told The new offices are a bid to lift PLEION’s assets from German-speaking Switzerland to more than $1 billion.

The independent Genevan asset manager is one of many seeking growth in Zurich – Mirabaud, Lombard Oder, and Pictet have also reinforced ranks recently. PLEION is also looking at dealmaking to bolster its $1.5 billion asset base, as reported in April.