A total of 58 Swiss banks, with assets totalling CHF115bn, have established a new association of Swiss cantonal banks (VSRB) in Bern.
The association will represent the interests of Swiss regional banks – more than one fifth of banks in Switzerland – via a single structure.
The VSRB aims to support diversity across the Swiss financial industry and acknowledge the different types of regulation and banking business models in Swiss cantons.
It also creates a platform enabling members to exchange information. In addition, a number of meetings and events will be organised. The association works together with the Swiss Bankers Association and the Koordination Inlandbanken (KIB).
The VSRB will be chaired by Jürg Gutzwiller, CEO of Entris Holding AG while Marianne Wildi, CEO of Hypothekarbank Lenzburg AG, has been appointed vice president.
The board of directors includes: Markus Boss, CEO of Regiobank Solothurn AG; Markus Gosteli, chairman of the Management Board of AEK BANK 1826 Cooperative; Markus Gygax, CEO of Valiant Bank AG; Christian Heydecker, chairman of the Board of BS Bank Schaffhausen AG and Clientis AG; Peter Ritter, managing director of Bernerland Bank AG; Jürg Ritz, chairman of the management board of Baloise Bank SoBa AG; David Sarasin, CEO of Bank Linth LLB AG; Michael Steiner, CEO of acrevis Bank AG and Rolf Zaugg, CEO of the Clientis Zurich Regional Bank Cooperative.
Ing. Jürg de Spindler is the managing director of the Gümligen office.
VSRB’s chairman Jürg Gutzwiller stated: “The regional banks are already numerically an important part of the Swiss financial center and make a major contribution to the diversity of competition, from which banks’ customers benefit. It is important for the delivery of this entrepreneurial achievement that regional banks now have their own association committed to providing optimal conditions.”