Raiffeisen Switzerland poached a Credit Suisse banker as a new member of its executive board. The manager will take charge of products and investment services at the Swiss regional banking group.
Kathrin Wehrli will join the executive board of Raiffeisen Switzerland on March 1, 2020. She will become responsible for the products and investment services business at the St. Gallen-based banking group. Wehrli currently works for Credit Suisse, where she also heads the products and services unit, Raiffeisen said in a statement on Friday (in German).
Raiffeisen Chairman Guy Lachapelle and CEO Heinz Huber in spring reorganized the executive board of the bank, after emerging from the turbulence that followed the arrest of ex-CEO Pierin Vincenz and the police investigation into his handling of several transactions.
Part of the reorganization was the creation of a products and investment services division. Roland Altwegg was appointed as interim head of this new division.
Dependent on Mortgages
The business that Wehrli will now take charge of is responsible for the provision of innovative products and services in connection with people’s needs for housing and accommodation, pensions and wealth as well as the strengthening of investment services, the bank said. One of Wehrli’s many tasks will see her help the bank become a little less reliant on the mortgage business.
Wehrli spent almost a decade at the service of Credit Suisse. After her graduation from University of Lausanne, she worked for five years as a project leader at Boston Consulting Group before joining Credit Suisse as head of business development, corporate and institutional clients Switzerland.
