The former head of fund mandates at Credit Suisse, Christian Faerber, has joined Swiss rivals UBS in a client coverage role, Citywire Selector can reveal
Faerber resigned from Credit Suisse in July with his next destination unknown. He had served as head of its multi-asset class solutions group since 2012.
In his new capacity, Faerber will serve as head of wealth management client coverage for Switzerland. He will start on October 1 and report to Andre Tomasini, who is head of WM client coverage for Switzerland, EMEA and EM.
During his time with Credit Suisse, Faerber, who was featured on the cover of Citywire Selector magazine alongside his global multi-asset class solutions group team, had overseen around CHF 10 billion (€8.7 billion) in assets across various funds-based mandates.
In an internal memo seen by Citywire Selector, UBS said the addition of Faerber was a huge coup due to his management experience and network within the Swiss funds business. It said he would aid further growth in its domestic market.
The departure of Faerber marked the latest in a line of high level exits from Credit Suisse’s fund selection team over the past year. This saw Andrea Schulzke, who helped establish the team, depart in April, while Faerber’s colleague Andreas Mueller also exited.