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EFG Deputy CEO Giorgio Pradelli to Succeed CEO Joachim H. Straehle Who Will Retire End 2017
EFG International Deputy CEO & CFO, Giorgio Pradelli will be the new CEO on the 1st of January 2018. He will takeover the helm from existing CEO, Joachim H. Straehle, who will retire at the end of 2017.
” Giorgio Pradelli to be New CEO of EFG in 2018, Joachim H. Straehle to Retire “
Dimitris Politis will be the new CFO while Renato Cohn will be the new Deputy CEO, on the 1st of January 2018. The announcement came alongside the successful completion of the platform migration from the acquired BSI bank to EFG.
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John A. Williamson, Chairman of EFG International:
”The Board would like to thank Joe Straehle for his outstanding service in both initiating and successfully executing the BSI acquisition and integration. We wish Joe the very best for his wellrdeserved retirement. At the same time, the Board is delighted that in Giorgio Pradelli we have a natural and proven successor who can ensure a smooth leadership transition and take the combined EFG business to the next stage of its development. The Board also extends a very warm welcome to Dimitris Politis who, owing to his previous experience and close collaboration with Mr. Pradelli, together with his intimate knowledge of EFG Group is ideally qualified for the CFO role.”
Joachim H. Straehle:
“Since 2015, the management team and I successfully executed on our strategic
priorities, focusing on growth, efficiency and a strong management and performance culture at EFG. The BSI acquisition reflects this strategic direction, and now, with the integration process coming to a close, it is a natural step for me to hand over my CEO responsibilities to a highly qualified leader. It has been both fascinating and a privilege to lead EFG through this transformational phase, and I would like to thank all our employees for their commitment and the Board of Directors for their trust.”
Giorgio Pradelli:
“I am honoured to be taking the helm at EFG at this very important moment. The integration process is fully on track to be concluded prior to the year end and the related synergy realisation proceeds as per plan thanks to the outstanding endeavours of our dedicated employees. Going forward, my focus will be on leveraging our increased scale following the transformative acquisition of BSI and, based on our entrepreneurial model, further strengthening our distinctive market positioning as one
of the largest Swiss private banks. I am convinced that our new positioning will be to the benefit of our clients, investors and employees alike.”
Source: Official Press Release
About EFG
EFG Bank
European Financial Group International (SIX:EFGN) is a multinational Swiss private banking group offering private banking and asset management services. It was formed in 1995 by Jean Pierre Cuoni and Lawrence D. Howell, and five others. The genesis of the bank was by the acquisitions of both the right to operate from the Zurich office of Banque de Deposits and the Swiss operations of the Royal bank of Scotland.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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