St.Galler Kantonalbank head of Private Banking resigns

Swiss group St.Galler Kantonalbank AG has announced its head of Private Banking Daniel Lipp has resigned from the executive board immediately to take another professional challenge.

The resignation takes place at his own request, it said. It is understood that CEO Roland Ledergerber will continue to lead the Private Banking segment ad interim and that St.Galler Kantonalbank has started to look after Lipp’s replacement.

Lipp has been a member of the executive board and head of Private Banking since 2008.

The Cantonal Bank of St.Gallen (SGKB) has been founded in 1868. Its majority shareholder remains the Canton of St. Gallen with 54.8% of the share capital.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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