Falcon Private Bank appoints new chairman amid management reshuffle

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Falcon Private Bank appoints new chairman amid management reshuffle

Roberto Grassi has been named as the new chairman of the board of directors of Zurich-based Falcon Private Bank, effective 18 September 2017.

Grassi’s appointment comes at a time the bank faces major departures including that of Christian Wenger who has decided to step down as chairman of the board of directors following the departure of former CEO Walter Berchtold.

Wenger will support Grassi during the transition period. Grassi was hitherto chief executive officer of Lugano-based consultant Fidinam Group and a board member as well as deputy chairman of Banca Stato Cantone Ticino.

Martin Keller, recently appointed CEO of Falcon Private Bank, said: “Together with Roberto Grassi and the board of directors, our management team and staff are fully committed to drive forward our transformation to future growth.

“We will continue to focus on initiatives strengthening our position as wealth manager embracing digital innovations and a differentiated product offering for the benefit of our clients.”

The board of directors is comprised of Roberto Grassi, Cyril Latroche and its members Marc Bernegger and Dominik Schärer.

Falcon Private Bank is expected to present its new market positioning this Autumn. Earlier this year, it has launched a bitcoin trading service.

The bank has been previously involved in the 1MDB scandal, having failed to prevent suspected money laundering from the Malaysian state fund.

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