Building its U.S. presence, Union Bancaire Privee, one of Switzerland's largest private banks, appointed three key executives to its global finance group.
Robert F. Agostinelli was appointed to the bank's executive management committee; Sheldon S. Gordon was named chairman of the newly formed U.S. subsidiary and is expected to be elected to UBP's board of directors; and M. Steven Langman was named president and chief executive officer of the U.S. subsidiary.
As chief executive of the U.S. unit, Mr. Langman, 34, will oversee the mergers and acquisitions advisory business, establish a merchant banking operation, and develop private banking and asset management services for U.S. investors.
Mr. Agostinelli, 42, was a senior managing director for international investment banking in the New York office of Lazard Freres & Co. He will be based at UBP's Geneva headquarters and will oversee international private banking and worldwide advisory investment banking services.
Mr. Gordon, 60, had worked for the Blackstone Group since 1991 and had been, since May 1995, a limited partner and chairman of Blackstone Alternative Asset Management LP. As chairman of UBP's U.S. subsidiary, he will be based in New York.
Mr. Langman had been a managing director since 1993 at Lazard and the youngest person named to that post in the firm's 150 years.