For almost twenty years, he served under the banner of Credit Suisse in Singapore and Switzerland. In November 2023, he left and took a break with his family. Now he is back in the industry, becoming a partner at a Swiss private bank chaired by former Wegelin banker Konrad Hummler, according to research by finews.asia.

Philipp Wehle will become a partner at Swiss Private Client Bank at the beginning of March 2025, finews.asia has learned, and a spokesperson for the company confirmed this.

He will take on the newly created role of deputy CEO, while simultaneously acquiring a stake in the company. Based in Zurich, Private Client Bank has been owned since its founding in 1998 by several entrepreneurial families from Switzerland and Germany, who wish to remain anonymous.

Discrete Institution in the «Alte Börse»

The discreet institution, which is located in Zurich's «Alte Börse,» offers services for wealthy (entrepreneurial) families and individuals. Its focus is on holistic and independent advice and support in financial matters.

For account management and securities custody, the bank collaborates with other institutions both domestically and internationally. According to reports, the company employs around 30 people.

Private Client Bank does not disclose further figures; based on its business model and the number of employees, industry estimates suggest that the institution manages assets in the single-digit billion range.

Ready for Further Growth Steps

German-born Philipp Wehle spent more than 18 years in various roles for Credit Suisse (CS) in Switzerland and Singapore. In 2011 and 2012 he worked for almost two years as Head of Financial Management Private Banking Asia-Pacific in the «Lion City». In his last two positions, he served as CEO and subsequently CFO in International/Global Wealth Management, based in Zurich.

At Private Client Bank, he plans to engage directly with clients, as he explained to finews.asia, and to further develop the business in Switzerland and Europe. «The bank is ready for further growth steps,» he said.

Companions from Wegelin

The bank's CEO has been Ivan Adamovich since September 2017, who was a member of the management of St. Galler Private Bank Wegelin from 2009 to 2012. He then worked as deputy CEO at the successor company Notenstein until the end of 2016. He left the bank voluntarily at that time, as reported by finews.com.

Since June 2018, Private Client Bank has been presided over by Konrad Hummler, who had previously been the managing partner of Wegelin until Switzerland’s oldest bank was caught up in U.S. tax evasion charges in 2012, which led to its downfall and the abandonment of its traditional business under the Wegelin brand.

With his seat on the board of directors of Private Client Bank, Hummler has made his return to Swiss banking after a six-year hiatus.