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.
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By GlobalDataCurrently, 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.
