The investment boss started his job at Banque Cramer with great ambition about a year ago. Now, he has left for a local rival.
Jacques Lemoisson aimed to build a «disruptive» investment service, when he started in his new job at Banque Cramer in December of 2017. An ambition unfulfilled: according to his profile on LinkedIn, the erstwhile investment boss at Cramer has left his position. He started as head of global macro and alternative investments at CBH Compagnie Bancaire Helvétique in September.
Lemoisson had joined Cramer from Lombard Odier, one of the large Geneva-based private banks. There, he had been in charge of macro strategies. Cramer hasn’t yet responded to a request for comment by finews.com.
Mentioned as Takeover Candidate
The management of Cramer, which is owned by Norinvest, an investment firm, remains in flux. In February, Alberto Bertini, the company’s finance and operative chief, resigned. Before Cédric Anker had taken over in October 2017, Bertini had been the interim chief at the bank. Elvan Cetinel-Walker as CFO and Olivier Taillard as COO replaced the outgoing executive.
The bank has been mentioned as a takeover target following a drop in profitability last year. The bank has denied being for sale when confronted by finews.com.
Active Consolidators
CBH, the new employers of Lemoisson, are known to be active consolidators. The company bought Miami-based Brickell Bank at the beginning of the year. In 2014, the bank took over Banque Privée Espirito Santo in Lausanne, and a year later TTG Limited in Hong Kong – today known as CBH Asia. In 2017 CBH acquired the shares of Banque Fibi (First International Bank of Israel), which today is part of CBH in Zurich.
CBH was founded in 1975 and is owned by the Benhamou family. It has 8 billion francs in assets under management.
