The Vontobel Group has added three new members to its equity sales unit.

Walter Bamert, who will serve clients in German-speaking Switzerland, will join the Swiss private bank on 1 June. Jorg Hagenbuch will also join the firm in June, and will be responsible for Vontobel's institutional business in North America. Lastly, Mario Montagnani will join the team serving clients in French-speaking Europe on 2 August.

Bamert and Montagnani join Vontobel from Neue Zürcher Bank, while Hagenbuch previously worked for Macquarie Group.

In other developments, Vontobel recently named Axel Schwarzer, a former Deutsche Bank senior manager, as the new head of its asset management division, effective from next month.