Banque Richelieu Switzerland is reorganizing for its upcoming growth phase by appointing Richard Albrecht as its new Chief Executive Officer, pending approval from the Swiss Financial Market Supervisory Authority. Albrecht is tasked with expanding the existing business operations in Zürich while simultaneously establishing a physical presence in Geneva. Furthermore, his responsibilities include strengthening the internal teams alongside the wealth management division, while intensifying cooperation across all remaining units within Groupe Banque Richelieu.
This executive appointment forms part of a broader expansion strategy implemented by the parent organization. Groupe Banque Richelieu reported more than 11 billion euros in assets under management at the conclusion of June 2026. Management has established a target to elevate this total to 15 billion euros over the course of the next three years, representing a projected increase of more than one third. The organization intends to achieve this objective through a combination of organic development and targeted external growth opportunities operating within its established core markets.
The banking group operates actively across wealth management, investment banking, and asset management sectors. Its corporate structure encompasses several entities, including Banque Richelieu France, Banque Richelieu Monaco, Richelieu Corporate Finance, Richelieu Invest, Banque Richelieu Switzerland, and Banque Richelieu GCC located in Abu Dhabi. Across these various units, the group maintains a total workforce of approximately 230 employees.
Through this appointment, the institution secures an executive possessing nearly three decades of professional background within the Swiss private banking sector. An economist by training, Albrecht initiated his career working for UBS and Lombard Odier. Over the preceding 15-year period, he initially directed the Swiss market operations for Deutsche Bank prior to assuming responsibility for BNP Paribas in Geneva. In 2023, he transitioned to REYL Intesa Sanpaolo to serve as Head of Wealth Management, accumulating a career total approaching 30 years within banking and wealth management.
Albrecht identifies substantial opportunities within Switzerland's primary financial hubs, stating that Zürich and Geneva represent strategically vital markets possessing significant expansion potential to support the institution's ambitions. Working alongside Deputy CEO Gian Nay and the existing personnel, he aims to sustainably grow the Swiss operations.
Sylvain Fondeur, General Director of Compagnie Financière Richelieu, characterized the leadership change as a novel phase for the Swiss franchise, noting that Albrecht's comprehensive familiarity with the local market and his extensive wealth management background will directly assist in executing the targeted growth strategy.
