EFG International is tightening its top management. The move comes as the Swiss bank eyes growth again after several years preoccupied with digesting rival BSI.
EFG International’s top management will be cut to six people, from 13 previously, the Swiss bank said in a statement on Monday.
From next month, EFG's top management will be comprised of the following bankers:
- Giorgio Pradelli, CEO
- Renato Cohn, deputy CEO and head of investment solutions
- Vittorio Ferrario, compliance chief
- Christian Flemming, operating chief
- Thomas Mueller, risk chief
- Dimitris Politis, finance chief
This streamlined governance set-up should allow a more focused and responsive approach to its strategic goals, the bank said. In addition, EFG International will set up a new global business committee, including the heads of its regions.
«Our stated priority in 2018 is to optimise the organisation and drive forward the combined business to deliver sustainable growth», Pradelli said in a statement. «I am convinced that this more focused management structure will support us in reaching our strategic targets.»
Regional Oversight
The global committee is meant to support top management in strategy and key business priorities. The body will be comprised of the following members, in addition to the members of EFG top management:
- Mark Bagnall, tech chief
- Albert Chiu, Asia head
- Anthony Cooke-Yarborough, U.K. head
- Marcelo Coscarelli, head of Latin America
- Adrian Kyriazi, Continental Europe head
- Maurizio Moranzoni, head of markets
- Franco Polloni, head of Switzerland and Italy
