Ticino based bank BSI has announced the departure from the bank of its interim CEO in Singapore and the appointment of another «acting CEO.» This will be the third CEO this year for the under fire bank.
Raj Sriram, who was one of the original senior bankers to move to BSI from RBS Coutts in 2009, will after a handover period leave the bank to take a break from his professional career.
Sriram took responsibility of the Singapore business in March after BSI announced that the then head of BSI's Asia business, Hanspeter Brunner, was to retire from the bank.
A report from news agency Reuters states that Renato Cohn, who has been a member of the group executive board of BSI and head of ultra-high net worth development since September 2015, will now take over as acting chief executive for BSI Singapore.
BSI in the Spotlight
finews.asia reported recently that ex-BSI private banker Yeo Jiawei was charged after a money laundering investigation linked to 1MDB.
The Singapore unit of Swiss Bank BSI has been in the spotlight in recent months because of its ties to Malaysian state fund 1Malaysia Development Berhad (1MDB).
Cohn's appointment will be subject to regulatory approval in Singapore.
