Cembra Money Bank has appointed a new chief financial officer. The incoming executive is joining from Zurich Insurance Group.

Cembra Money Bank, a Swiss provider of consumer finance products, appointed Pascal Perritaz as chief financial officer, the company said in a statement. He will start in October and join the executive board.

Perritaz succeeds Rémy Schimmel, who accepted a new position at another firm. Schimmel worked as Cembra’s CFO for a little over two years.

Perritaz, 46, joins from Zurich Insurance, where he was the chief financial officer global corporate for the past four years. Perritaz is an economist and financial analyst.