Swiss private banking group EFG International has said its CFO Giorgio Pradelli, will additionally assume the role of deputy CEO.
The move is aimed at allowing EFG International CEO John Williamson to devote more of his time to the development of the five regional private banking businesses, as well as investment and wealth solutions.
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Pradelli, whose appointment is effective immediately, will focus on EFGI’s operational and risk platform.
As a part of this move, the reporting lines of the group’s COO, chief risk officer and group general counsel will transfer from John Williamson to Pradelli.
Williamson said: "Since joining us in June 2012, Giorgio has made a significant contribution to the conclusion of our business review, in particular the strengthening of our capital position and overall risk profile. His promotion to Deputy CEO is well deserved and allows for a clear focus of responsibilities within the executive team to support our objective of controlled, profitable growth."
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