EFG International reshuffles European management
EFG International is further strengthening its management teams as part of the ongoing transformation of the business.
Richard Thomas has been appointed head of UK Region and CEO of EFG Private Bank Limited, London, effective 02 January 2019. His appointment is subject to regulatory approval. He will also serve as a member of EFG’s Global Business Committee. Thomas will succeed Anthony Cooke-Yarborough, who will take on the new global position of Private Banking chairman. Thomas will report to Giorgio Pradelli, CEO of EFG International.
Thomas joins EFG from Barclays UK, where he is currently chief operating officer, Savings, Wealth and Investments. He has worked for Barclays since 2008. Prior to his current role, he served as chief operating officer UK Private Bank from 2015 to 2017 and business head London Region and Specialist Proposition UK from 2012 to 2015. Before that, he was a managing director and team leader UK.
Anthony Cooke-Yarborough will report directly to CEO Giorgio Pradelli in his new global role as Private Banking chairman. He will focus on further harmonising and transforming the bank’s private banking business to generate profitable and sustainable growth globally. Cooke-Yarborough will lead key client initiatives and support commercial activities and measures to successfully position the business. He will remain a member of the Global Business Committee. He will also continue on the board of EFG Private Bank Limited, as vice-chairman.
Daniel Lüscher will assume his role as global head of Human Resources on 01 November 2018, reporting directly to CEO Giorgio Pradelli. Lüscher succeeds Giovanni Weber, who has decided to retire from his post following the successful completion of the BSI integration.
The appointment of Daniel Lüscher will help EFG to further develop the global HR function for the combined business. Lüscher will join EFG from Bank Vontobel, where he served as group head of Human Resources from 2012 to 2018. Prior to that, he worked at Zurich Insurance Group as head of HR Corporate Center & HR business partner for Group Functions globally from 2007 to 2011. He started his career at Zurich Insurance Group in 1992 before moving to Deutsche Post World Net in 1999. At Deutsche Post, he spent almost ten years in various managerial HR functions in Switzerland, Belgium and Germany.
Mauro Palombo will join EFG as global head of Credit Solutions and Global Head of Strategic Client Management, effective 01 November 2018. He will report to Renato Cohn, head of Investment Solutions and deputy CEO, and to CEO Giorgio Pradelli. Palombo will join EFG from Julius Baer, where he held various senior functions for over 20 years. From 2015 onwards, he was in charge of the bank’s strategic client management initiative and other strategic projects. Prior to that, he held the role of head Credit Private Banking and then group chief credit officer from 2008 to 2015.
Donald Klotter has been appointed as global head of Institutional Sales, effective 01 September 2018. He has been with EFG since 2016 and served as a client portfolio manager in Asset Management, working alongside the US equity growth investment team. In his new role, he will be responsible for global business development initiatives and will manage the sales teams based in Geneva, Hong Kong, London, Miami, Singapore and Zurich. Klotter has over 25 years of industry experience. Prior to joining EFG, he was responsible for sales and marketing at Mazama Capital Management for 14 years. He previously also held senior relationship management positions at State Street Corporation and U.S. Bancorp.
Roland Kempf will join EFG as head of Private Banking Zurich on 15 October 2018. He will report to Franco Polloni, head of Switzerland and Italy Region, and will be a member of the Regional Management Committee. He is joining EFG from Privatbank IHAG in Zurich, where he worked as head of Private Banking and External Asset Managers from 2012 and was a member of the Executive Committee. Prior to that, he worked at Clariden Leu for seven years, performing various managerial roles in the private banking business and later supporting the bank’s integration into Credit Suisse.