The global head of private banking at Falcon Private Bank, Erich Pfister, has resigned from the group with immediate effect.
Mr Pfister is leaving the bank to seek out other opportunities. He will be replaced on an interim basis by Falcon's chief executive Walter Berchtold.
Mr Pfister held the role of head of global private banking at the Swiss group for just over two years. He previously had a long-standing career at Credit Suisse and Clariden Leu where he held various management positions, including head Middle East & Asia and head Emerging Markets. In his last position at Credit Suisse, Mr Pfister was head market area UK & International. He holds a PhD in Law from the University of Zurich.
This resignation comes just days after changes were announced to Falcon's board of directors. Cyril Latroche, who is currently part of the investment team at Aabar Investments PJS joined as vice-chairman while two senior board members, Murtadha Al Hashmi and HE Khaled Balama AlTameemi, resigned.
Falcon Private Bank is a Swiss private banking boutique. It is headquartered in Zurich with locations in London, Abu Dhabi and Dubai.