The latest moves in wealth management across Europe, the Middle East and Africa.

Raiffeisen
Vienna-based financial conglomerate Raiffeisen Bank International has announced a number of management board changes to its network.

Wilhelm Celeda is appointed chief executive of Kathrein Privatbank AG; Harald Kröger was named CEO of Raiffeisen Centrobank AG; Heike Arbter has been made a member of the managing board of Raiffeisen Centrobank, and Valerie Bruner was made head of RBI’s institutional clients division.

Campaigning journalists have named RBI as being allegedly implicated in a Nordics region money laundering web. See here.

Cult Wines
Boutique wine investor Cult Wines has appointed Frenchman Olivier Staub to the new post of investment director. Staub will be based at the group’s head office in London where he will also join the global management team.

Cult Wines’ MD and co-founder Tom Gearing said Staub will lead the existing team of analysts and researchers to help advance the company’s investment strategy, analytical research and risk management capacities. The fine-wine specialist, established in 2007, manages around £100 million in assets for private client investors.

Burgundy-born Staub, a long-time wine collector and investor, has spent 25 years as a fixed-income specialist, holding senior trading and portfolio management roles at JP Morgan, Barclays Capital, Dresdner Kleinwort, Credit Agricole, BBVA and most recently the London Clearing House (LCH).

Staub was one of the founding investors and directors of the board of 67 Pall Mall, the St James’ Fine Wine Members Club. He studied economics and finance at the Burgundy School of Business and is a certified Chartered Financial Analyst.