Zurich-based Petiole Asset Management AG, the independent investment arm of The Family Office, has appointed Axel Hörger as Chief Executive Officer.
Axel has a wealth of experience in the financial industry that spans over nearly three decades. He previously served as Chairman and Co-Founder of American International Bank Acquisition Corp., CEO of Lombard International Assurance (Europe), and CEO of UBS Deutschland AG. Previously, Mr. Hörger was the Managing Director for Asset Management (Europe, Middle East and Africa) at Goldman Sachs for 16 years. Axel holds a master’s degree in business administration - international economics and finance -from Goethe University.
Abdulmohsin Al Omran, President of the Board of Petiole Asset Management AG and Founder and CEO of The Family Office, welcomed Axel saying, "Petiole Asset Management AG will greatly benefit from the experience and expertise that Axel brings to our business and will help lead it into its next chapter. Under the leadership of Axel, Petiole Asset Management will continue its path towards innovation and digitization. We wish our new CEO the best of luck on this new journey”.