The Greek-controlled private bank wants to appoint a new chairman. He is a seasoned Swiss banker with experience in impact investing, hedge funds, and wealth management.
EFG International is proposing Peter Fanconi as its new chairman at its shareholder meeting in April, it said in a statement. Fanconi would replace John Williamson, a long-standing EFG banker turned CEO and director who isn't standing for reelection.
Fanconi already chairs another Swiss bank – regional lender Graubuendner Kantonalbank – as well as Blue Orchard, an impact boutique snapped up by British giant Schroders earlier this year. He previously ran Harcourt, a hedge fund boutique, and Vontobel's private banking arm. Fanconi stepped down from the board of Deutsche Bank's Swiss board last month.
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The Swiss wealth manager, controlled by Greece's wealthy Latsis family, also nominated Amy Yip to its board; she is a Hong Kong regulator turned banker who formerly ran DBS in the territory. She currently sits on several other boards including Fidelity International, British insurer Prudential, and Deutsche Boerse.
Earlier this year, EFG returned to profitability – and to hiring – and also made an acquisition in Asia-Pacific. «I am convinced that Peter Fanconi possesses all the necessary qualities and experience to play a pivotal role in helping EFG to realize its growth ambitions,» outgoing Chairman Williamson said in a statement.
