"Jean-Sylvain Perrig has decided to leave the Bank and pursue new career goals," a spokeswoman for UBP confirmed to finews.ch.

Perrig had been in the role for roughly two and a half years. He had been with UBP since 2000, except for an 18-month stint with Banque Privee Edmond de Rothschild in 2012 and 2013.

Perrig will be replaced by Norman Villamin, currently head of Investment Services and Treasury & Trading teams in Zurich, a position he will keep alongside his new role. 

In the new role, Villamin -- who joined UBP as part of the Geneva bank's takeover of Coutts early last year -- will report to Michaël Lok, UBP’s co-CEO of Asset Management.