EFG International reshapes governance structure

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EFG International reshapes governance structure

Swiss group EFG International has announced the realignment of its executive leadership teams with the aim of strengthening the focus and responsiveness of the company’s governance structure.

As from 1 July 2018, the company’s executive committee will be composed of six members: Giorgio Pradelli, CEO; Renato Cohn, deputy CEO and head of Investment Solutions; Vittorio Ferrario, group chief compliance officer; Christian Flemming, chief operating officer; Thomas Mueller, chief risk officer; Dimitris Politis, chief financial officer.

Additionally,  a new global business committee will comprise 13 members, including the heads of EFG’s global regions. It will support the executive committee in assessing and validating the company’s strategy and key business priorities.

Participants to this committee will include Mark Bagnall, chief technology officer; Albert Chiu, head of Asia Region; Anthony Cooke-Yarborough, head of UK Region; Marcelo Coscarelli, head of Latin America Region; Adrian Kyriazi, head of Continental Europe Region; Maurizio Moranzoni, head of Global Markets; and Franco Polloni, head of Switzerland & Italy Region.

In Switzerland, EFG’s business, currently split between two units, will be combined, effective 1 July 2018. It will be led by Franco Polloni solely while Adrian Kyriazi, currently head of Romandie & Continental Europe Region, will focus on continental Europe as well as the Middle East and the Eastern Mediterranean.

As per the executive committee of EFG Bank, it will further comprise the following members:

  • Giorgio Pradelli, Chief Executive Officer
  • Renato Cohn, Deputy Chief Executive Officer and Head of Investment Solutions
  • Mark Bagnall, Chief Technology Officer
  • Vittorio Ferrario, Group Chief Compliance Officer
  • Christian Flemming, Chief Operating Officer
  • Maurizio Moranzoni, Head of Global Markets
  • Thomas Mueller, Chief Risk Officer
  • Dimitris Politis, Chief Financial Officer
  • Franco Polloni, Head of Switzerland & Italy Region

Commenting on the forthcoming changes, Giorgio Pradelli, CEO of EFG International, said: “After the successful and timely integration of BSI into EFG, our stated priority in 2018 is to optimise the organisation and drive forward the combined business to deliver sustainable growth. The realignment of our executive leadership teams is part of this process, and I am convinced that this more focused management structure will support us in reaching our strategic targets.”

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