Swiss private banking group EFG International has nominated Peter Fanconi as the new chairman to replace John Williamson.
Fanconi’s predecessor Williamson will retire after an 18-year stint at EFG, where he previously served as the CEO and vice-chair.
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He will continue to work as a strategic adviser for the group.
Meanwhile, Fanconi has held executive roles in different organisations over the course of his 20-year financial career. At present, he chairs the supervisory board of BlueOrchard Finance and Graubündner Kantonalbank.
EFG also nominated Amy Yip as a board member.
Yip was appointed as the Asia Pacific advisory board chair at EFG in August this year.
Currently, she sits on the boards of Fidelity International, Deutsche Börse, Temenos and Prudential. Besides, she is a founding partner of RAYS Capital Partners.
The names of Fanconi and Yip will be proposed before shareholders at its annual general meeting next April.
Williamson said: “On behalf of the Board of Directors, I am very pleased to propose Peter Fanconi as my successor. I am convinced that Peter possesses all the necessary qualities and experience to play a pivotal role in helping EFG to realise its growth ambitions.
“Equally, we are very pleased to nominate Amy Yip as a new member of the Board. With her outstanding regional and international experience, she will be a valuable addition to the Board.”
Last month, EFG opened a new advisory office in Dubai after receiving the approval from the Dubai Financial Services Authority.
