Major Leadership Reshuffle at EFG's Board
Swiss private bank EFG International has nominated four new members to its Board of Directors.
The Board of Directors of EFG International and EFG Bank announced the nominations of Yvonne Bettkober, Luisa Delgado, Wanda Eriksen and Konstantinos «Kostas» Tsiveriotis as new members of the Board, according to a media release on Wednesday.
Subject where applicable to regulatory approvals, the candidates will be proposed for election to the Board of Directors of EFG International and EFG Bank at the forthcoming Annual General Meeting (AGM) on 21 March 2025.
Digital Transformation
Yvonne Bettkober is being nominated as an independent member to succeed Prasanna Gopalakrishnan, who has decided not to stand for re-election at the forthcoming AGM for personal reasons.
Bettkober is an expert in digital transformation, organizational development, and strategy operationalization. She is an executive with more than 18 years of cross-continent experience in enterprise transformation, sales, and business development within the technology and automotive industries. She has been Head of Group Organisational Development & Transformation at Volkswagen Group since April 2023.
Experience in Luxury
Luisa Delgado is being nominated as an independent member to succeed Amy Yip, who has decided not to stand for re-election at the forthcoming AGM.
Delgado has 30 years of global executive experience in Luxury, IT, and Banking, and is an experienced non-executive Board and Committee Chair and Director in global Luxury and Retail. She was CEO of Milan-listed global luxury eyewear leader Safilo Group until March 2018, and before that an Executive Board member at SAP SE. Previously, she was over 21 years at Procter & Gamble.
Regulatory Developments
Wanda Eriksen is being nominated as an independent member to replace Stuart M. Robertson, who has decided not to stand for re-election as a Board member and Chair of the Audit Committee.
Eriksen has many years of experience as a professional board member and in-depth expertise in the areas of finance and accounting, risk management and auditing, as well as regulatory developments. She has been President of the Board of Directors of the Swiss Federal Audit Oversight Authority (FAOA) since 2018. She is also a member of the Board of Directors of Axa Switzerland, where she chairs the Audit Committee, and was recently proposed for election to the Board of Directors of Cembra.
She is currently Chairwoman of the Audit Committee and a member of the Risk Committee of the Supervisory Board of J.P. Morgan SE (Frankfurt), a role she will exit before joining the Board of Directors of EFG International and EFG Bank.
Global Markets
Kostas Tsiveriotis is being nominated as a non-independent member to replace Périclès Petalas, who has decided not to stand for re-election at the forthcoming AGM.
Tsiveriotis is a senior executive with over 30 years of experience in global markets, with extensive expertise in portfolio management, derivative products, liability management and private banking. Since April 2022, he is Managing Director/CEO and member of the Board of Gestron Asset Management in Luxembourg, as well as a member of the senior management and Board of the European Financial Group EFG Luxembourg.
Crucial Contribution
«With their vast expertise across key areas of our industry, I am convinced that the new directors will make a crucial contribution to driving EFG’s sustainable and profitable growth. Together with my colleagues on the Board of Directors, I very much look forward to working with them in the future,», EFG Chairman Alexander Classen said.
