In his new role, Carlos Valle will report to Ludovic Chechin-Laurans, while he will continue to oversee the Caribbean business.
Carlos Valle is an experienced financial services professional, and has held a variety of senior roles within Merrill Lynch, where he has worked for over 20 years.
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Most recently, he was the managing director, Global Wealth Management, New York International Complex, and before that managing director, Institutional Advisory Division.
Commenting on the appointment, Ludovic Chechin-Laurans, deputy CEO of EFG Bank, said: "I am delighted that we have been able to bring on board such an experienced individual as Carlos Valle.
"He brings extensive financial services and senior management experience, and is well equipped to take the business to the next stage of its development. We will be working closely together to optimize performance across the Caribbean region," Chechin-Laurans said.
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