Falcon Private Bank has named Martin Keller as its new CEO, replacing Walter Berchtold who has decided to step down.
Following the CEO change, the Swiss bank’s chairman Christian Wenger has also decided to step down from the position.
The Swiss in its press statement said that Berchtold will remain with the bank during the transition, while Wenger will continue to serve as chairman until replacement is found.
Keller was in the board of directors at Falcon since March 2017. After being appointed as the CEO, he said: “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.”
Wenger said: “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.”
Berchtold had short stint at Falcon. He took the responsibility as the CEO exactly a year ago. During his tenure Falcon struggled with corruption and money laundering scandal in Malaysia. As a result of that scandal, Singapore government ordered Falcon to seize operations in the country.