EFG International has appointed Ranjit Singh as its new chief risk officer and a member of the Executive Committee, effective 01 January 2019 at the latest and subject to regulatory approval.
Singh will report directly to CEO Giorgio Pradelli. With his extensive experience as chief risk officer of renowned global financial organisations, he will be responsible for overseeing and further enhancing EFG’s global Risk function.
In his most recent position, he served as group chief risk officer and group executive of Standard Life Aberdeen Plc in Edinburgh and London from 2013 to 2018. Prior to that, he served as group chief risk officer of Swiss Re AG in Zurich, Switzerland, where he was also a member of the Executive Board and Committee, from 2007 to 2011. From 2002 to 2007, he held the position of group chief risk officer at Allianz SE in Munich, Germany, where he was also a member of the Group Management. Before joining Allianz, Singh worked at Citigroup from 1989 to 2001, holding several senior management positions in Belgium, the UK and the USA.
Singh will succeed Thomas A. Mueller, who was elected to the Board of Directors of Raiffeisen Switzerland on 10 November 2018 and stepped down from his role as chief risk officer and member of the Executive Committee of EFG International as of that date.
Dimitris Politis will take on the role of chief risk officer on an interim basis with immediate effect, while continuing to serve as chief financial officer.