Press Release ·

Petiole Asset Management Appoints Axel Hörger as Chief Executive Officer

The Board of Directors of Petiole Asset Management AG has announced that it has named Axel Hörger as Chief Executive Officer effective June 1, 2022.

As Petiole enters its fourth year of growth in Switzerland, Axel joins the firm as it continues to expand its business in the region.

Petiole Asset Management AG Board President Abdulmohsin Al Omran said, "Axel comes with a wealth of experience to lead our business into its next chapter. He has an impressive leadership track record in international financial institutions, and we are confident that he will play a fundamental role in driving Petiole’s continued innovation in the asset management and wealth management industry”.

Axel has nearly three decades of experience in the financial industry, including previous roles as Chairman and Co-Founder of American International Bank Acquisition Corp., CEO for Lombard International Assurance (Europe), and CEO at UBS Deutschland AG. Prior to these, he worked at Goldman Sachs for 16 years with his last role as Managing Director for Asset Management (EMEA). Axel holds a master’s degree in Business Administration – International Economics and Finance – from Goethe University.

Axel shared, “I would like to thank the Board of Directors for their trust. Petiole has an outstanding performance history underpinned by due diligence, innovation, and trust among its partners and clients. I look forward to collaborating with the team and taking Petiole to the next level.”

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