Nextech hires ex-Centrum Bank CEO as new partner

Lips will be responsible for strengthening Nextech's focus on investments in cancer companies.

Lips was previously CEO of Liechtenstein-based Centrum Bank for two years, and prior to that he held the position of chief investment officer and head of asset management at Falcon Private Bank (formerly AIG Private Bank) between 1998 and January 2010. From 1993 until 1998 he was chief investment officer at Goldman Sachs in Switzerland, and began his career in 1981 at UBS.

Lips will carry out his role concurrently to serving as a board member for several companies in the financial services industry, including as chairman of Avaltis, a Swiss-based fund-of-hedge-funds.

Nextech is a Zurich-based life sciences venture capital firm founded in 1998, with a focus on oncology-related companies. The firm is investing in emerging companies that have compounds in advanced clinical trials. Nextech has two funds, for a total of $100m under management.

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