A $3 billion Asian family office is poaching a long-standing UBS private banker for a new office in Switzerland's leading financial capital.
Singapore-based Taurus Wealth is hiring Andre Tomasini to open a new office in Zurich, it said in a statement on Thursday. The Swiss banker was most recently head of wealth management for Russia as well as CIS and Israel at UBS, where he was a managing director.
The move comes as part of an international expansion including bolstering its team in Dubai as well as a planned office in London this year, Taurus said. The family office, which oversees $3 billion in assets, said it beefed up expertise in originating private market investments and bespoke real estate structured products, and wants to develop an impact and fintech offering.
UBS Lifer
The 12-year-old Singapore-based firm, founded and run by Mandeep Nalwa, partnered with an unnamed European family office last year. It said it is simplifying its brand to Taurus Wealth, as part of a strategy to «internationalize our service offering to an increasingly multi-ethnic and international clientele across many geographies.»
The hire of Tomasini, a Swiss lawyer who joined UBS in 1998 and rose through the private bank's ranks, is a major coup for the Asian minnow. He has worked in the Middle East as well as Switzerland during his 23-year career with the Swiss wealth giant.
