Clariden Leu

The Rise and Fall of Clariden Leu: What Happened to the Former CEOs?

In the world of finance and banking, the name Clariden Leu was once synonymous with stability, success, and innovation. However, in recent years, the former Swiss private banking giant has undergone a series of major changes that have left many industry observers wondering: what happened to the former Clariden Leu CEOs, and where are they now?

In this article, we’ll take a closer look at the history of Clariden Leu, the key players involved, and the events that led to its downfall. We’ll also explore the current careers of the former Clariden Leu CEOs, and what lessons can be learned from their experiences.

A Brief History of Clariden Leu

Founded in 1755, Clariden Leu was one of Switzerland’s oldest and most established private banking institutions. With a long and storied history, Clariden Leu was known for its innovative financial products and services, and its ability to help clients grow their wealth and manage their finances with confidence.

However, despite its impressive track record, Clariden Leu was not immune to the challenges of the modern financial landscape. Over time, the bank began to experience increasing pressure from competition and regulation, which led to a series of strategic decisions that would ultimately contribute to its downfall.

The Key Players at Clariden Leu

Throughout its history, Clariden Leu was led by a series of accomplished and experienced CEOs, each of whom brought their own unique vision and approach to the role. Some of the most notable former Clariden Leu CEOs include:

  • Urs Roth, who served as CEO from 2007 to 2012, and was known for his focus on expanding the bank’s global footprint and increasing its competitiveness in the marketplace.
  • Boris Collardi, who took over as CEO in 2012 and was instrumental in the bank’s effort to modernize its operations and adapt to the changing regulatory environment.
  • Renato Fassbind, who served as CEO from 2016 to 2018, and was focused on streamlining the bank’s operations and improving its profitability.

The Decline of Clariden Leu

Despite the best efforts of its former CEOs, Clariden Leu was unable to keep pace with the rapidly changing financial landscape. In 2018, the bank was acquired by Julius Baer, one of Switzerland’s largest and most established private banks, in a move that marked the end of Clariden Leu as an independent entity.

The acquisition was seen as a strategic move by Julius Baer, which sought to expand its operations and strengthen its position in the competitive Swiss banking market. However, it also marked the end of an era for Clariden Leu, which had long been one of the most respected and successful private banks in Switzerland.

Bank Heusser

J.P. Buri ws the son of the General Partner at Bank Heusser Bernard Buri and Clariden merged with them to gradually acquire the four Credit Suisse private banks: Bank Leu, Bank Hofmann, and BGP Banca di Gestione Patrimoniale together with the securities dealer Credit Suisse Fides on January 26, 2007. Clariden Leu was one of the largest private banks in Switzerland and ultimately managed more than 100 billion CHF.

Where Are the Former Clariden Leu CEOs Today?

So, what happened to the former Clariden Leu CEOs after the acquisition by Julius Baer? Here’s a look at the current careers of some of the key players:

  • Urs Roth: After leaving Clariden Leu in 2012, Roth went on to serve as CEO of Swiss Re, one of the world’s largest and most respected reinsurance companies. He is widely regarded as one of the most accomplished executives in the Swiss financial industry.
  • Boris Collardi: After leaving Clariden Leu in 2016, Collardi took on a number of high-profile roles, including serving as CEO of Pictet, one of Switzerland’s largest and most successful wealth management firms. He is widely regarded as one of the most innovative and forward-thinking executives in the Swiss financial industry.