Basellandschaftliche Kantonalbank (BLKB) will create a separate asset management division under the leadership of Beatrice Sidler, currently head of segments, sales and channels at Zürcher Kantonalbank (ZKB).
The wealth management division, which will launch on October 1, will target high-net-worth clients with investable assets of CHF 1 million or more. The two advisory divisions, previously called executives and entrepreneurs, and the investment center, which will be called sustainable asset management in the future, will be merged into this new department.
The asset management division will become one of the bank’s five departments. The rest are private equity and wealth advisory, corporate advisory, financial and risk management, and technology and corporate services.