Falcon Private Bank appoints new CEO
Walter Berchtold to hand over the CEO responsibilities of Falcon Private Bank to Martin Keller.
Falcon Private Bank announces the change from Walter Berchtold as Chief Executive Officer to Martin Keller, effective today. After having ensured a seamless CEO succession, Christian Wenger announced that he would step down as Chairman following the CEO change. His successor will be appointed in due course.
The decision by Walter Berchtold to step down as the CEO of Falcon Private Bank follows the completion of the first stage of the turnaround ahead of the launch of the new market positioning of Falcon Private Bank, scheduled for the fourth quarter of 2017. Walter Berchtold will remain with the Bank during a short transition period. Christian Wenger will ensure a smooth handover to the new Chairman until later in the fourth quarter.
Christian Wenger, Chairman of the Board of Directors said: “Walter Berchtold took charge at a critical moment for the Bank. Thanks to his knowhow, commitment and decisive action, we have been able to turn around the Bank in a short period of time and to position it for future growth. We are grateful to Walter for his service, sincerely thank him for his work, and wish him all the best for the future.”
Walter Berchtold, the departing CEO of Falcon Private Bank said, “I have been honoured to work with my colleagues at Falcon Private Bank. Their knowhow, enthusiasm and commitment are exceptional. Having resolved the major issues from the past, Falcon Private Bank now has the talents, the positioning and infrastructure to grow and to succeed.”
Wenger added, “Martin Keller joined our Board earlier this year. I am very pleased that we are able to recruit a strong CEO from within our ranks and to ensure a smooth handover. Martin has a successful track record in the areas that are of highest importance for our clients.”
Keller, new CEO of the private bank said, “I am very much looking forward to leading Falcon Private Bank and to work with excellent colleagues. Walter Berchtold and Christian Wenger have been vital in repositioning the Bank. Now, we can build on their work and seize very attractive opportunities, such as leveraging digital technologies for wealth management and providing bespoke solutions for our clients. I am particularly looking forward to the launch of our new market positioning, scheduled for October. Falcon Private Bank is well positioned for success, with a supportive Board of Directors, a strong strategy focused on our core strengths in order to take advantage of market opportunities, and a wealth of extremely talented banking professionals.”
Martin Keller (born 1967, Swiss citizen) has been a Member of the Board of Directors of Falcon Private Bank since March 2017. His career in banking and finance spans over more than 25 years and was focused on asset management, capital markets and wealth management. Most recently he was CEO of Asset Management for EMEA at Credit Suisse; prior positions include Head Institutional Clients for Europe and North America for Man Investments, Global Head Hedge Fund Investments at Deutsche Bank Wealth Management and Global Head Prime Brokerage at UBS Warburg. Martin Keller is a graduate of the Swiss Banking School.