Ramsey will be based in Geneva and reports to David Jervis, head of EMEA Merrill Lynch Wealth Management, the firm said today. Ramsey takes over from Serge Robin, who left to join the Swiss private bank Gonet & Cie, last month.

Ramsey will also work with the other regional managing directors in Japan, Asia Pacific and Latin America.  He will be responsible for the wealth management platform that already has been established at MLB, while continuing to attract new assets and develop new investment tools for the benefit of our clients.

“Additionally, one of his primary goals will be to deepen the relationship between MLB and financial advisers globally,” the firm said.

The manager has been at Merrill Lynch since 2002, having worked in financial services for 17 years. Most recently, he held the position of head of Europe Private Banking, in addition to his responsibilities as head of Family Wealth Solutions Group and head of Latam Private Banking.

Merrill Lynch Bank was acquired in 1984 and is an indirect wholly owned subsidiary of Merrill Lynch, in turn part of Bank of America. The bank caters for ultra high net worth clients.

“We see an increasing number of entrepreneurs, family offices and high net worth individuals relocating to Switzerland to benefit from the favourable regulatory, political and economic environment.  Patrick is an experienced leader who will drive continued growth of MLB within Switzerland and globally, a key component in the overall expansion of our banking services to clients,” said Jervis.