At Wellington Management, Betzel headed up the firm’s wholesale EMEA business.
Betzel, who joined the Swiss firm on 1 October and will be reporting to Nicolas Faller, co-CEO of asset management, brings 23 years of experience in the asset management industry, primarily in sales and as head of wholesale.
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At Wellington, he headed up the firm's wholesale EMEA business. Prior to that, he worked as a sales director at Nordea Asset Management and as a portfolio manager at Bank Schilling.
In addition, head of investment specialists Nicolas Delrue has been promoted to the role of head of institutional sales EMEA, on top of his current responsibilities.
Christophe Gantenbein, who joined UBP in January as global head of private markets institutional solutions, will now lead private markets business development.
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Faller said: «The fast-paced industry we are operating in forces us to constantly reassess ourselves and strive for efficiency.
»We are confident that this organisation by client segment will promote a more granular strategy and enhance our overall capabilities."
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