People Moves
EFG Bank Appoints New Geneva Private Banking Head From Rival Swiss Firm
EFG Bank, part of EFG International, has named a head of private banking in Geneva.
EFG Bank, EFG
International’s principal Swiss subsidiary,
has appointed a former top banker at BSI, Jean-Louis Platteau, as
head of
private banking in Geneva,
taking effect from 23 September.
He will report to John Williamson, group chief executive, in
the latter’s capacity as chief executive officer, EFG Bank.
The Geneva position had been left vacant following the departure of Ludovic Chechin-Laurans, who had been head of private banking, Switzerland. Chechin-Laurans is moving to the Bahamas to start a new business venture but continues to collaborate with EFG International, as reported previously.
Jean-Louis Platteau was formerly head of private banking
Switzerland (Romandie), and Geneva
branch manager, for BSI. Before that, from 2008-2011, he was CEO
of private banking,
and member of the executive board, at Banque Cantonale de Genève.
Earlier roles
included those of CEO of Dexia Suisse and various client facing
positions in
Europe as well as Asia.
“We have ambitious plans to grow our business in Switzerland, and
in recent weeks we have
appointed new heads of private banking in Zurich
and now in Geneva.
I am delighted that Jean-Louis Platteau is joining EFG.
Jean-Louis brings
extensive international and client experience, and has a proven
track record as
a business builder,” John Williamson, CEO for EFG International,
said.
After a period when the Swiss banking group has shed certain
business units to
regain profitability, the firm has been moving onto an expansion
track again. In
mid-August, EFG Bank appointed Stephan Keiser as head of private
banking, Zurich, with effect from
January 2014. He joined from Bank Vontobel, where he was head of
private
banking international from 2006, with market responsibility for
Latin America,
Asia-Pacific, the Middle East and Italy.
In July, EFG International reported a net profit
attributable to ordinary shareholders of SFr83.8 million ($89.4
million) in the
first half of 2013, up by 71 per cent compared with a year
earlier, boosted by
the sale of its remaining stake in EFG Financial Products.
Revenue-generating assets under management stood at SFr76.0
billion, compared with SFr78.7 billion at end-2012, but up four
per cent after
adjusting for exited businesses and reclassifications.
