She runs Citigroup in Switzerland and has asked clients to willingly waive their right to banking secrecy. Now, the American banker is taking a seat in the highest body on Swiss bankers.
The Association of Foreign Banks in Switzerland elected Kristine Braden, Citigroup's country officer for Switzerland, and Peter Hinder (pictured below), who runs Deutschen Bank in Switzerland, to its management, the group said in a statement.
Hinder just started in his current role with Deutsche three months ago. His career began at Swiss Bank Corp., one of the banks which merged to form UBS, where he worked until 2010. He briefly ran Thurgauer Cantonal Bank before moving to Deutsche in Frankfurt two years ago.
Swiss Banking Role
Among the highest-ranking women in Swiss banking, Braden looks back on an international career on several continents: she was among the top-100 women in finance in Europe, the Middle East and Africa according to an annual list compiled by «Financial News» three years ago. One year later, she was named country officer for Switzerland, Monaco and Liechtenstein as well as head of Swiss corporate and investment banking for Citibank.
This week, Braden was named vice-president as well as the body's representative on the board of the Swiss Bankers Association – the first woman in that body's history.
«No Big Deal»
Braden told finews.com last year that Citi is asking clients to consent to forgo secrecy - unthinkable until very recently. Switzerland was still clinging to secrecy until October 2014, when it caved to international pressure and agreed to begin sharing data in 2018.
The move raised eyebrows among competitors, even if clients were «overwhelmingly positive» about the it.
Braden and Hinder replace former BSI boss Stefano Coduri and Marco Bizzozero, who ran Deutsche Bank in Switzerland before Hinder.
