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Vontobel Holding's wealth management unit names head

Vontobel Holding AG's Patrice Humbel will take over the management of unit Vontobel Swiss Wealth Advisors AG, effective March 15.

Humbel has served as head of Zurich-based Vontobel Swiss Wealth Advisors' Geneva office since 2013. He previously held management roles at Morgan Stanley and UBS Group AG, before joining the wealth management unit.

Additionally, Vontobel Swiss Wealth Advisors COO Roger Scherer, who is currently managing the business on an interim basis, was named deputy CEO of the company.

Vontobel Swiss Wealth Advisors specializes in globally diversified wealth management and has operations in Dallas, New York, Zurich and Geneva.