The digital assets' specialist Seba Bank has to contend with a surprise departure at the top. The chairman with leave the company with immediate effect.
Former UBS- and Julius Baer-banker Andreas Amschwand, chairman of Seba Bank since 2018, has decided to leave the company with immediate effect, Seba Bank said in a statement on Tuesday. Amschwand took the decision to focus on his other mandates, the company added, without giving any further detail.
Since April 2020, Amschwand has also been deputy chairman of Saxo Bank Switzerland.
Looking for a Successor
Amschwand's deputy, Sébastien Mérillat, will step in ad interim, a choice that will be put to the board at the upcoming meeting. He will stay as chairman until the search for a replacement has been concluded.
«On behalf of the board of directors, I want to extend our deepest gratitude to Andreas Amschwand for his significant contribution to Seba Bank. Under his leadership, we have set up a fully licensed bank with state-of-the-art trading and digital custody capabilities. We wish him all the best for his future endeavours,» said Mérillat, according to the statement.
Surprise Departure
The decision by Amschwand to leave the bank comes as a surprise, not least because he is widely regarded as a banker with a most reliable and solid character.
