Swiss private bank Union Bancaire Privée has hired Richard Wohanka, one of Europe's most experienced asset management chief executives, to integrate and lead its newly-combined, Sfr82bn (€54bn) asset management unit.

Wohanka, who left Fortis Investments as chief executive in June ahead of its merger with the fund management arm of BNP Paribas, has supplanted Christophe Bernard as member of the executive committee responsible for asset management at UBP. Bernard will remain as chief investment officer responsible for long-only investments, reporting to Wohanka.