⏱ 1 min read
Background
Groupe Banque Richelieu, of French origin, is active in wealth management, investment banking and asset management. It employs around 230 people, notably in France, Monaco, Switzerland and Abu Dhabi.
The key points
Richard Albrecht is becoming CEO of Banque Richelieu Switzerland, subject to Finma approval. He is to develop the business in Zurich and establish the bank in Geneva.
He is also tasked with strengthening the teams and wealth management, and intensifying cooperation with the group's other entities.
Key figures
- Assets managed by the group at the end of June 2026: more than 11 billion euros.
- Three-year target: 15 billion euros.
- Group workforce: around 230 people.
- Richard Albrecht's banking experience: almost 30 years.
What it means for businesses
Growth must come through organic development and targeted acquisitions. Richard Albrecht worked at UBS, Lombard Odier, Deutsche Bank, BNP Paribas in Geneva and REYL Intesa Sanpaolo.
Who says what
Richard Albrecht considers Zurich and Geneva strategic for the bank's ambitions. Sylvain Fondeur, of Compagnie Financière Richelieu, speaks of "a new stage" for the Swiss business.
Further reading
Sources
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