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From Cantonal to Private Banker
IHAG, the wealthy Buehrle and Anda family's private bank, got a new Chief Executive: Daniel Lipp took over from the 60-year-old Heinz Stadler, who retired. The move is an unusual one in Swiss banking: the 52-year-old Lipp had worked for St. Galler Kantonalbank for years, and moves between state-backed retail banks and Zurich's ritzy private banks are rare. Observers are keen to see what changes Lipp will make at the bank.
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