Credit Suisse has hired two senior private bankers to develop its ultra high net worth business in France, as it continues to focus its efforts on building this service.

David Guermond and Gilles Marcel have been appointed as investment partners at Credit Suisse Private Bank in France. They are charged with using resources from the group’s private banking, investment banking and asset management activities to expand on the service offered to French-speaking entrepreneurs and wealthy families.

Mr Guermond joins the bank from Goldman Sachs Private Wealth Management, where he was an executive director, responsible for UHNW clients. Before to joining Goldman in 2006, he was executive director of the client strategy department at UBS Wealth Management. 

Mr Marcel was latterly a director at HSBC Private Bank France, in charge of the UHNW team and member of the executive committee. He is also a former vice president and senior portfolio manager at JP Morgan.

The Swiss bank has made a number of high-profile hires in the UHNW space recently. Last year it appointed Blake Shorthouse as head, ultra high net worth clients for the EMEA region and Ian Dembinski as segment head for ultra high net worth individuals at Credit Suisse’s UK/international division. Both were formerly at UBS. This year it named Edmond Carton as head of its ultra high net worth individuals segment for the Middle East and Indian subcontinent, a newly-created position.