The winding-down Falcon Private Bank's head investment strategist is exiting for a niche fund management house founded by a former colleague.
Daniel Egger, responsible for Falcon's house view of investments, is leaving the private bank for a job at Swiss-based asset manager St. Gotthard Fund Management, according to his profile on Linkedin. He joins up with founder and CEO Stefan Bollhalder, who left his job as Falcon's investment chief last year.
Falcon is in the process of selling its assets as part of a wind-down, after a four-year bid to reinvent itself after its dealings with 1MDB graft money emerged. The Swiss wealth and crypto manager is owned by Abu Dhabi's sovereign wealth fund.
