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Private Banking Executive Moves | Q4 2024

Banque Cantonale Vaudoise

  • The Banque Cantonale Vaudoise Board of Directors has appointed Anne Maillard as General Man-ager and Head of the Retail Banking division. Maillard is currently a member of the Executive Board, COO and Head of the Market Services Division at Fribourg Cantonal Bank. She will take up her new role at BCV on 1 July 2025. Maillard will replace José F. Sierdo, who will retire on 30 June 2025.

Basler Kantonalbank

  • In view of the new term of office (April 2025 to March 2029), the Bank Council of the Basler Kantonalbank is undergoing significant changes. The cantonal government has elected Sonja Stirnimann and Felix Uhlmann to the Board following a public tender. They will replace Karoline Sutter and Urs Berger, who announced their resignation in June.
  • The Government Council also re-elected Adrian Bult as Chairman and Christine Hehli Hidber as Vice-Chairwoman of the BKB Bank Council and confirmed the other members Mathis Büttiker, Jacqueline Henn, Priscilla M. Leimgruber, Domenico Scala and Kristyna Ters for the new term of office. 

Berner Kantonalbank

  • The Head of the Market Services department and member of the Executive Board, Mark Haller, left Berner Kantonalbank at the end of 2024 to pursue a new career path. He has held various positions at Berner Kantonalbank over the past 27 years and has worked in the areas of credit management, controlling and sales, among others. His role was taken over by Christian Schüpbach, who joined the bank around two years ago and has been Head of Strategy & Innovation ever since.

Deutsche Bank

  • Following a reorganization of the Central Europe & USA region, Deutsche Bank has appointed Clemens Kaiser as Head of the Private Clients Bank Switzerland. His previous area of responsibility for the Central European markets will thus be expanded. He will remain based in Zurich and succeeds Loïc Voide, who left Deutsche Bank by mutual agreement in November 2024. A successor for the positions of CEO of Deutsche Bank Switzerland and Chief Country Officer, which Voide held, has not yet been appointed.

Edmond de Rothschild

  • Edmond de Rothschild has a new Chief Risk, Legal & Compliance Officer: Monika Vicandi will join the company's Executive Committee on 15 January 2025 and take up her new role on 1 March 2025. She replaces Jean-Christophe Pernollet, who is retiring from professional life.

EFG International

  • EFG International appointed Demis Stucki as Chief Operating Officer and member of the Executive Committee of EFG International and EFG Bank as of the beginning of December. He succeeds Martin Freiermuth, who has stepped down from his role as COO to take on other responsibilities.
  • Ioanna Archimandriti was newly appointed to the Executive Board as Head of Human Resources. She has been with EFG since 2016 and Global Head of Human Resources since 2021. She was previously a member of the Global Business Committee.

FINMA

  • The Federal Council has elected Aline Darbellay to the Board of Directors of FINMA. On 1 January 2025, the financial market law expert started to succeed Susan Emmenegger, who stepped down from the Board at the end of the year because she has become Dean of the Faculty of Law at the University of Bern.

GenTwo

  • GenTwo has appointed a new Chief Operating Officer, effective since 1 October 2024. Bastian Barthelmann, who joined from the consulting firm Accenture, assumes the role. 

Glarner Kantonalbank

  • The Cantonal Bank had announced at the beginning of November 2024 that Angela Petruzzi would replace Benjamin Mühlemann, who is leaving the Board of Directors, as a new member.

Graubündner Kantonalbank

  • The Graubünden government has elected Heinz Huber as the new Chairman of Graubündner Kantonalbank. Huber will take office on 1 July 2025 and succeeds Peter A. Fanconi. He stepped down from Raiffeisen as Chairman of the Executive Board at the end of the year and the search for a successor has begun.

HSBC

  • HSBC has tapped John Shipman to take over as interim Chief Executive Officer of its Swiss private banking business as the bank continues to reshuffle its wealth senior leaders. Shipman has also been named Country Head of HSBC Switzerland. He stepped into his new post on 1 January 2025. He succeeds Gabriel Castello who was appointed interim CEO of HSBC's global private banking business.

Julius Bär

  • The IT specialist Rolf Olmesdahl has joined Julius Bär. He started his new role as Head of the Core Banking Program at the Zurich-based institution on 6 January 2025. 

LGT Financial Services

  • Walter Giger has been CEO of LGT Financial Services since the beginning of the year. Giger has been Head Global IT at LGT since 1 April 2023 and as such a member of the Executive Board. He will assume the role of CEO in addition that role and will join the Senior Management Board of LGT Private Banking.

Lombard Odier

  • Group Chief Compliance Officer Floriana Scarlato, who joined Geneva-based private bank Lombard Odier from Credit Suisse in May 2022, has left the bank.
  • Stephane Herrmann, former CEO of Lombard Odier Europe, took over the role as Chief Operating Officer of Lombard Odier's Private Clients division from 1 January 2025. Daniel Elias, who previously held this position, has left the company. Herrmann remains a member of the Private Clients Executive Committee.
  • Jessica Rabut, based in Luxembourg, is the new Head of Europe since 1 January 2025. She will be a member of the Private Clients Executive Committee.

Marcuard Family Office

  • After more than a decade as Chief Executive Officer, Martin Sutter transitioned to the board of directors. Effective January 1, Andreas Arni assumed the roles of CEO and Managing Partner, having joined Marcuard in February 2024.

MBär Merchant Bank

  • Michael Bär stepped down as CEO to focus on client relations and oversee the Merchant Banking division. Taking over as CEO is Annett Viehweg, formerly Head of Corporate Banking at MBär. The change is effective since 1 January 2025.
  • Hendrik Weber-Grellet, now Chief Risk Officer, also assumed responsibility for compliance. Irina Buholzer has been appointed as the new Chief Operating Officer, taking over the role from 1 January 2025. 

Pictet Group

  • Bank Pictet & Cie Europe announced the appointment of Armin Eiche as its new CEO. He started the role on 1 January 2025 and also remains responsible for Wealth Management in Germany. He succeeds Christian Schröder, who has successfully led and coordinated the relocation of the European Head Office from Luxembourg to Frankfurt in 2023 and the associated legal transition since 2021. Schröder will remain associated with the bank and will join the Supervisory Board at a later date in 2025.

SIX

  • After seven years, Jos Dijsselhof left as CEO from the Swiss stock exchange operator SIX to pursue a new professional opportunity in the Middle East. Bjørn Sibbern, who previously led the group’s international exchange business, succeeds him as CEO. The changes are effective since 1 January 2025.

Raiffeisen

  • Heinz Huber stepped down from Raiffeisen at the end of the year and the search for a successor has begun. Christian Poerschke, Head of the Finance and Services Department and Deputy CEO, started to assume the role of CEO on an interim basis on January 1, 2025.

Swiss Bankers Association

  • The Board of Directors of the Swiss Bankers Association has appointed Jan Weissbrodt as Head of the Financial Market & Regulation division. He had already been in charge of the division on an interim basis since July. He succeeds Oliver Buschan, who had headed the division for almost five years.

Union Bancaire Privée

  • Raoul Jacot-Descombes will take up the position of Group Chief Risk Officer at the Geneva-based private bank in mid-January. He will also become a member of the Executive Committee.

UBS

  • Claude Maurer, Chief Economist Switzerland of the former Credit Suisse, took over a new career direction. He didn’t make any comments regarding his future plans.
  • Wiwi Gutmannsbauer has been appointed as Chief Operating Officer of UBS in APAC, effective since 1 January 2025. This is in addition to his current role as COO of the bank’s wealth management unit globally. He will be based in Singapore and Zurich.

VP Bank

  • Urs Monstein, who has led the Liechtenstein-based bank as Group Chief Executive Officer on an interim basis since May 2024, is now taking over the position permanently. In addition to his role as CEO, Monstein took on the management of the International Locations unit on an interim basis.
  • Philippe Wüst took over the role as CFO a.i..
  • The Strategic Transformation unit is now managed by Rolf Steiner.
  • Felix Brill was appointed as a new member of Group Executive Management as Head of the Products, Services & Investments unit.
  • VP Bank has also announced that the current Chief Financial Officer Roger Barmettler is seeking a new professional role outside VP Bank. Mara Harvey, CEO of VP Bank Switzerland and Head of the Europe region, has also left the Bank at the end of 2024. She has decided to take this step for personal reasons.
  • Peter Vangehr became Head of VP Bank Switzerland in Zurich. Before, he headed the intermediaries business in Zurich and is a member of the Executive Board of VP Bank Switzerland.

Zuger Kantonalbank

  • Petra Kalt, member of the five-person Executive Board and Head of the Wealth Management department, has left the bank to pursue new opportunities. This was at her own request and by mutual agreement.
  • Martina Bonati becomes the new Head of the Private and Corporate Clients department and thus a member of the Executive Board of Zuger Kantonalbank. She succeeds Daniela Hausheer, who will leave the bank at the end of June 2025.

Zürcher Kantonalbank

  • The Zurich Cantonal Council elected York-Peter Meyer to the Bank Council of Zürcher Kantonalbank from 1 January 2025 for the current term of office from 2024 to 2027. Meyer replaces Walter Schoch, who stepped down for reasons of age.
    The Zurich Cantonal Council also elected Kristine Schulze to the Bank Council of Zürcher Kantonalbank, where she replaces Henrich Kisker, who stepped down due to age-related term limit. Schulze was elected for the remaining term of office from 2024 to 2027.

 

 

Contact

Dr. Matthias Oberholzer
Russell Reynolds Associates
Stampfenbachstrasse 5 8001 Zurich
Switzerland
Direct: +41-44-447-30-34
Mobile: +41-79-473-72-68
matthias.oberholzer@russellreynolds.com

 

Dr. Corrado Menghini
Russell Reynolds Associates
Stampfenbachstrasse 5 8001 Zurich
Switzerland
Direct: +41-44-447-30-33
Mobile: +41-79-261-92-42
corrado.menghini@russellreynolds.com