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At the helm of the Swiss digital bank since it was established half a decade ago, the figure is leaving the sector.
The chief executive of Switzerland’s Alpian, Schuyler Weiss, has
resigned to pursue a public services career in the US. He is
leaving a bank which he led since it was founded five years
ago.
Alpian, which says it is Switzerland’s first digital private
bank, is part of Switzerland’s REYL Intesa
Sanpaolo. It targets the Swiss mass-affluent client segment
and now employs more than 100 people.
As part of the change, Gianmarco Bonaita, previously the deputy
CEO, will act as ad interim CEO, subject to FINMA’s approval.
“As difficult a decision as it has been to depart, I will leave
knowing that everything is in place for Alpian to continue on its
marked trajectory. It has been an honour to work alongside the
world-class team at Alpian, and I look forward to watching them
from afar as they continue to define the next generation of
private banking,” Weiss said in a statement.
This publication interviewed
Weiss in March 2021 about Alpian’s
strategy. Weiss’s background did not start with banking. He
worked at IBM as a consultant – which led him to becoming
involved with Morgan Stanley as a big client at the time of the
US firm’s purchase of the Smith Barney business. Weiss worked at
Morgan Stanley for several years in IT and crisis management
roles – useful training for life in a pandemic. A dual US-Swiss
citizen, Weiss also carved out time to complete an MBA in
Lausanne. He joined REYL, and that firm’s desire to build a
digital offering ended up with Weiss heading the Alpian
operation, which was formed in 2019.
In 2021 REYL & Cie entered a strategic partnership with
Fideuram – Intesa Sanpaolo Private Banking, a prominent European
banking player, through which Fideuram ISP acquired a 69 per cent
stake in REYL & Cie. This news service interviewed the firm
here.
The expanded group recently reported financial
results.
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