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In a significant move for the wealth management sector, Philipp Rickenbacher has been appointed to the Advisory Board of Light Frame, a leading provider of core systems for wealth management based in Lausanne.
Rickenbacher, a seasoned executive with a rich background in finance and technology, brings a wealth of experience to Light Frame. He most recently served as the CEO of Julius Baer Group and Bank Julius Baer from 2019 to 2024, leading the institution through a period of significant transformation and external disruption.
Before his tenure at Julius Baer, Rickenbacher held various positions within the institution, including roles in Structured Products, Global Advisory Solutions, and Intermediaries & Custody. His career began at McKinsey & Company in Zurich and London.
Rickenbacher holds a Master's degree in Biotechnology from ETH Zurich and has completed programmes at Harvard Business School's Advanced Management Programme and Singularity University.
The Light Frame platform, which is cloud-native and API-first, is designed to integrate with existing ecosystems. It aims to reduce operating costs, support change, and enable real-time, compliant client service. The platform combines investment operations and portfolio management.
Light Frame's platform is poised to help financial institutions move towards modern infrastructure. A modern core is seen as a crucial component for both established players and neobanks in their long-term transformation strategies.
Schuyler Weiss, Co-Founder and Chief Executive of Light Frame, expressed enthusiasm about Rickenbacher's appointment. "Philipp's extensive experience in the wealth management industry, combined with his deep understanding of modern technology, will be invaluable as we continue to innovate and deliver impactful solutions for banks ready to lead," said Weiss.
Rickenbacher believes that Light Frame's team combines business knowledge with modern technology. He stated that technology is increasingly shaping the way private banks create and deliver value for their clients, with a modern core being a critical part of this transformation.
Rickenbacher's appointment to Light Frame's Advisory Board suggests a focus on leveraging technology to transform the wealth management industry. His role on the Advisory Board is expected to help the company deliver greater impact for banks ready to lead.
Rickenbacher expressed excitement about joining Light Frame's Advisory Board. "I am thrilled to be joining Light Frame at such an exciting time. I look forward to working with the team to shape the future of wealth management," he said.
It is worth noting that Rickenbacher will continue to work as an advisor for Julius Bär, the future bank for which he has dedicated a significant portion of his career.
This appointment underscores Light Frame's commitment to bringing together industry leaders to drive innovation and transformation in the wealth management sector. With Rickenbacher on board, Light Frame is well-positioned to help shape the future of wealth management.
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