EFG announces appointment Head of newly combined Global Markets & Treasury division
EFG has announced the combination of its Global Markets and Treasury & ALM functions to form a single division, which will be headed by Kurt Haueter, who will begin the role in 2020, subject to regulatory approval.
The decision to combine of the bank’s Treasury & AML and Global Markets functions comes following the announcement of Maurizio Moranzoni, Head of Global Markets’, decision to retire. Moranzoni has been in the role since October 2016, having begun his career in 1982 with BSI.
In his new role, Haueter will be responsible for overseeing the newly combined Global Markets & Treasury division in order to drive forward business development initiatives and support EFG’s private banking business globally. He will be reporting to the bank’s CFO, Dimitris Politis, and will also become a member of EFG International’s Global Business Committee and a member of the Executive Committee of EFG Bank AG.
Haueter has been affiliated with EFG for a decade, having been EFG’s Global Head of Treasury & ALM since November 2016. He has held a number of senior roles, including Head of Treasury at EFG Financial Products (Leonteq) and EFG Bank. He was also a Senior Treasury Officer at Swiss Re from 2002 to 2009, having been based in both Zurich and London.
Giorgio Pradelli, Chief Executive Officer of EFG International, said “I am pleased to announce the appointment of Kurt Haueter as the new Head of Global Markets & Treasury. Haueter has been with EFG for several years and has a deep understanding of our business. I am convinced that he will be a valuable addition to our Global Business Committee and will help to further execute our 2022 strategic plan.”
I would also like to thank Maurizio Moranzoni for his important contribution to the successful completion of the BSI integration and his role in transforming EFG into one of the largest Swiss private banks. On behalf of our leadership team, I wish him all the best for his retirement,” Pradelli continued.
In the same press release, EFG also stated that the firm has made considerable progress in executing its strategic business initiatives, putting it on track to achieve the goals outlined in its 2022 strategic plan.
The bank has drawn particular attention to its accelerated efforts in hiring CRO, stating that it has hired, approved or signed a total of 157 new CROs in 2019 to date, since the announcement of the 2022 plan in March 2019.
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