The Basler Kantonalbank (BKB) is bolstering its expertise in the foreign capital market by bringing a long-standing UBS executive on board. Richard Bärlocher will take over the care of Swiss bond issuers at BKB from January 1, 2024. This appointment of the experienced manager in the Origination Debt Capital Markets area is intended to strengthen BKB’s position in the Swiss franc capital market in the new issue business.

Throughout his career, Bärlocher has exclusively worked at UBS for a total of 44 years. He initially held various positions in the equity and bond sectors. From 1998, he was part of the Debt Capital Markets team at the major bank, advising and executing mandates for Swiss franc bond issues. In this role, he has accompanied a large number of national and international issuers to the Swiss capital market.

The hiring of the long-standing UBS banker can be seen as a signal that BKB wants to increase its standing in the bond issuance business. With the downfall of Credit Suisse (CS), the market, traditionally dominated by the Zurich Cantonal Bank, CS, and UBS, is seeing some movement. Other institutes also want a piece of this. For instance, the private bank J. Safra Sarasin recently poached an entire team of debt specialists from CS.

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Information	Details
Geography	Europe
Countries	🇨🇭
Sentiment	neutral
Relevance Score	1
People	Richard Bärlocher
Companies	UBS, Credit Suisse, J. Safra Sarasin, Zürcher Kantonalbank, Basler Kantonalbank
Currencies	None
Securities	None