Kaiser Ritter Partner, the Liechtenstein fiduciary, asset management and private banking group, has shortened its name to Kaiser Partner as part of expansion plans which have seen it enter into a strategic partnership with the Zurich-based investment consultancy Wellershoff & Partners.

Wellershoff & Partners will now serve as the think tank for investment strategies and will enhance the firm’s asset management expertise help spur a greater focus on private banking within the group’s business activities, Kaiser Partner said in a statement. This heightened focus on private banking is part of moves to focus more on high-growth business areas and target markets, it continued.

Under the alliance Klaus Wellershoff, the chief executive of Wellershoff & Partners, has been named as chief economic advisor to Kaiser Partner. During his prior career Wellershoff served as chief economist at UBS for twelve years, along with heading up the Swiss banking giant's investment committee for a number of years. 

“Working with him [Wellershoff] will take us a major step forward in the development of our asset management offering. Wellershoff and his team have shown that it's still possible to achieve a good performance in difficult market conditions," said Fritz Kaiser, chairman of Kaiser Partner.