Swiss private bank EFG International has named Lenja Lascari as the new CEO of its Luxembourg business, replacing Konstantinos Karoumpis who has decided to quit in order to pursue a “new professional challenge”.

Lascari, who joined EFG in 2014, will assume the new role on 1 January 2019.

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She previously served as the business head of EFG Bank (Luxembourg), with responsibility for the region’s private banking, asset management, international client services and investment solutions businesses.

She began her career at Credit Commercial de France, where she served as the country CEO of the Greek branches among other roles.

She also worked as the CEO of Eurobank Private Bank (Luxembourg), and head of wealth management at HSBC in Athens.

EFG head of Continental Europe region Adrian Kyriazi said: “Our strategic hub in Luxembourg plays an important role in EFG’s overall growth strategy, particularly in the Continental Europe region.

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“With her broad knowledge of EFG and her acknowledged experience in the private banking industry, we believe that Lena is the ideal person to lead this regional business forward and to further strengthen our footprint in Continental Europe.”

The latest appointment comes shortly after the appointment of Ranjit Singh as EFG’s new chief risk officer. Singh succeeded Thomas Mueller who has been elected to Raiffeisen Switzerland board.