Private Banking Executive Moves | Q2 2022


BNP Paribas

  • From 1 August, Beat Bachmann will take on the role of Chief Executive Officer for Switzerland and Emerging Markets for BNP Paribas Wealth Management in Zurich. He will also become a member of the WM Executive Committee and the Executive Board of BNP Paribas (Suisse). He joins from a 16-year stay at UBS, where he most recently led the independent asset managers (EAM) business in Europe for seven years.

Credit Suisse

  • Francesca McDonagh will take over as CEO of the Europe, Middle East and Africa (EMEA) region at the beginning of October 2022. She overtakes the responsibility from Francesco De Ferrari, CEO of the Wealth Management division who filled the role on an interim basis.
  • CFO David Mathers, who has served as chief financial officer since 2010, is stepping down from the Executive Committee and leaving the company.
  • Claude Täschler is stepping down from his position as Head of HR for Switzerland and the Swiss Universal Bank Division. From around mid-2022, Täschler will support the Global Head HR as well as the CEO Swiss Bank/Switzerland of Credit Suisse in his new function as Senior Advisor. In addition, he will continue to head the Insurance Governance Board and will devote more attention to his mandate as a board member of the employers' association banks.
  • Long-time UBS chief lawyer Markus Diethelm replaces his counterpart, Romeo Cerutti, at Credit Suisse.
  • Raymond Rüttimann, Head of Global Real Estate and Real Estate Switzerland at Credit Suisse Asset Management, will retire at the end of the year. Robert Rackind will become the new Head of Global Real Estate at Credit Suisse Asset Management. He comes from EQT Real Estate, where as a partner of EQT from 2015 he was responsible for the development of the real estate platform as well as for the strategy, the team and the reporting. For the position of Head of Real Estate Switzerland, Credit Suisse chose Reto Ehinger, currently Head of Acquisition & Sales at Real Estate Switzerland, to take over the position and report to Rackind.

Crypto Finance

  • The Swiss company Crypto Finance has appointed Daniel Kukan as Head of Crypto Finance Asia. Before moving to Singapore, he was a senior trader at Crypto Finance in Zurich.
  • Stefan Schwitter, formerly Head of Investment Solutions at Seba Bank, takes over the management of Crypto Finance (Asset Management). The native Swiss will thus be responsible for the further expansion of the team, the range of products and services as well as the sales channels.

EFG International

  • Former Julius Baer boss and later Pictet partner Boris Collardi becomes a member of the board of directors, after acquiring a 3.6% stake in the Swiss private bank.


  • The British bank HSBC has appointed Gabriel Castello as Regional Head of Private Banking for EMEA as of July 2022 and as CEO of the Swiss private bank and Country Head Switzerland. He replaces Alex Classen, who headed the institute for about three and a half years. He has decided to leave HSBC and seize a "non-executive" professional opportunity.

Julius Baer

  • Julius Baer announced that effective 1 July 2022, its Markets unit will become a separate division under the continued leadership of the current Head Markets Luigi Vignola. As a result, Vignola will join the Executive Boards of Julius Baer Group and Bank Julius Baer & Co. as an additional member. Vignola is in the bank since 2009.

Pictet Group

  • Pictet Group, the Swiss asset manager, has hired Edmund Buckley as head of the Direct Private Equity division. Previous to this role, Buckley was a managing director at the PE firm, THI Investments.

Swiss Financial Market Supervisory Authority FINMA

  • Rupert Schaefer will leave the Swiss Financial Market Supervisory Authority (FINMA) on 31 August, the authority announced. He has been a member of the Supervisory Board for seven years and most recently held the role of Head of the Recovery and Resolution Business Unit. In the future, he will use his expertise abroad. From 1 November, he will take over the function of Executive Director in the Strategy, Policy and Management division of the Federal Financial Supervisory Authority (BAFIN) in Germany.
  • Board of Directors has appointed Marianne Bourgoz Gorgé and Alain Girard to the Executive Board. Bourgoz Gorgé will take over the management of the Asset Management division from Philip Hinsen, who took over this task on an interim basis following Thomas Hirschi's move to the head of the Banks division. Girard will take over the Recovery and Resolution division as of 1 August 2022 and is currently head of Finma's Supervision of Small Banks and Investment Firms.

Swiss National Bank

  • The Federal Council has appointed Martin Schlegel as Vice-President of the Governing Board of the Swiss National Bank when he takes office on 1 August 2022, according to a statement on Wednesday. He replaces Fritz Zurbrügg on the Board of Directors, who will step down at the end of July 2022.


  • Pieter Brouwer took up the position of Chief Digital & Information Officer (CDIO) for the Swiss business (P&C) as well as for asset management in Germany and internationally at the beginning of June – a broad area previously headed by Stefan Arn and Pascal Emile.
  • Mark Hengel will leave UBS after working for full 21 years at the bank, most recently as Head of External Communications at Group level.
  • UBS Head of Strategy Christian Zeinler resigns from his position at the major Swiss bank and becomes an entrepreneur. On an interim basis, Chief of Staff Marsha Yuan takes over the role on 1 July 2022 in addition to her current role.





  • HSBC has appointed Dinesh Sharma as Regional Head of Wealth and Personal Banking (WPB) for EMEA starting September 1, 2022, subject to regulatory approval. Sharma joins from Citibank, where he is Chief Executive Officer, Consumer Bank, Middle East. He will remain based in the UAE and lead the next phase of growth for HSBC’s WPB franchises in MENAT and Europe

Quintet Bank

  • As of 1 July, Chris Allen, most recently Head of Global Private Banking at HSBC, will assume the position of Group CEO. He joins from HSBC where he held several positions over the past 15 years including CEO Alternative Investments, CEO HSBC Private Bank UK and Head of Global Private Banking EMEA.


  • Hector Blas Grisi Checa is to replace the long-standing CEO José Antonio Alvarez at the beginning of 2023, as the bank announced. Grisi has been with Santander since 2015 and previously spent 18 years at Credit Suisse in Mexico and New York in the North and Central America business. At Santander, he also took over North America region after Mexico in 2019.




Dr. Matthias Oberholzer
Russell Reynolds Associates
Stampfenbachstrasse 5 8001 Zurich
Tel: +41-44-447-30-30
Direct: +41-44-447-30-34
Mobile: +41-79-473-72-68


Dr. Corrado Menghini
Russell Reynolds Associates
Stampfenbachstrasse 5 8001 Zurich
Tel: +41-44-447-30-30
Direct: +41-44-447-30-33
Mobile: +41-79-261-92-42