Swiss bank Raiffeisen has appointed Heinz Huber its new CEO as a part of its latest restructuring.

Huber will take over responsibility from Michael Auer on 7th January 2019. Auer assumed the responsibility barely ten days ago after the hastened exit of CEO Patrik Gisel.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Gisel resigned as CEO earlier this month when it emerged that he maintained a secret relationship with one of the bank’s board directors, Laurence de la Serna, CEO of a Geneva-based aerospace firm

Huber is currently the chairman of Swiss retail lender Thurgauer Kantonalbank.

Commenting on the appointment, Huber told Reuters: “I’m looking forward to sharpening Raiffeisen Switzerland’s profile and further developing it on behalf of the whole group.”

Earlier this month, Raiffeisen selected Guy Lachappelle as the new chairman of the company in an extraordinary general meeting.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lachappelle predecessor Johannes Rüegg-Stürm resigned from his post in March following the launch of an investigation on alleged frauds committed by the company’s former CEO Pierin Vincenz.

In an investigation, financial market supervisor FINMA found ‘serious shortcomings’ at the bank. The regulator also noted that the bank failed to monitor Vincenz. It said the bank’s directors had “at least potentially” enabled Vincenz “to generate personal financial gain at the bank’s expense”.