Rothschild Private Banking & Trust has named Stefan Liniger as the new chief executive of its global trust business.

Liniger - who will also join the firm’s executive board - is to succeed David McLellan, who has opted to step down from his position for personal reasons, the firm said in a statement. Liniger starts his new role in early January of next year and McLellan will be assisting him at the beginning of his tenure in order to ensure a smooth handover, the statement continued. McLellan is also to become a non-executive director on the board of Rothschild Private Trust Holdings.

Liniger joins the firm from Goldman Sachs in Zurich, where he had been head of wealth planning for the past three years. Before this he was a partner in the private client unit of the Swiss law firm Bär & Karrer.

In another recent appointment, at the start of last month Rothschild Banking & Trust named Dominique Maire as head of emerging markets fixed income portfolio management – a newly-created role in a segment the firm intends to expand in.

Maire took up the role on 1 September, working with Siegbert Böttinger to manage fixed income mandates for family offices and high net worth clients. Maire has been with the firm since 2004, latterly as a senior banker; in his new role he retained his existing client relationships, but also took on new managerial responsibilities.