UBS Ultra Wealth Head Joins Rothschild

Rothschild Private Bank has appointed Riccardo Petrachi as head of its ultra high-net-worth (UHNW) clients, Financial News reports. Petrachi will join the newly created role for clients with more than $27.2 million in assets on Oct. 1, 2011.

He will report to Thomas Pixner, head of private clients at Rothschild Bank Switzerland. Previously, Petrachi was co-head of UHNW international at UBS. He has also worked as head of equity derivative sales at Lehman Brothers and at Goldman Sachs.

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