Swiss private bank EFG International has rejigged its leadership team with various changes including new heads of investment solutions and Latin America.
Harald Reczek will now lead Investment Solutions, replacing Renato Cohn who has been serving in this position since November 2016.
Cohn, who is exiting the bank to rejoin BTG Pactual at the end of April, became investment solutions head and deputy CEO after EFG’s purchase of BSI.
According to EFG, Cohn played an integral role in finalising the BSI acquisition and the integration process. He also supported the transformation of EFG’s investment franchise into a global division, the bank noted.
Reczek, who will report to CEO Girogio Pradelli in the new role, has been working at EFG since last year. He joined the bank in the role of deputy head of investment solutions and global head of distribution.
Formerly, he had a stint at Credit Suisse, where he worked as the head of distribution EMEA and deputy head of asset management for Switzerland and the EMEA region.
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He also worked as the co-CEO of Deutsche Asset Management Switzerland and CEO and country head of Switzerland, Italy, Austria & CEE at DWS Schweiz.
Meanwhile, Sanjin Mohorovic will now be in charge of the Latin America Region. He will replace Marcelo Coscarelli, who will depart from the bank to pursue new opportunities. Mohorovic, who earlier held several senior roles at BSI, will also report to Pradelli in the new role.
Mohorovic was the global private banking COO at EFG in Zurich since January last year. Earlier, he was the private banking COO of EFG’s Latin America Region based in Miami.
Reczek and Mohorovic will assume their new responsibilities on 1 May and 1 July 2021, respectively. Both will also be part of the Global Business Committee.
Commenting on the new appointments, Pradelli noted: “With their extensive knowhow and vast experience, as well as with their proven management and leadership skills, I am convinced that they will both contribute to make a significant contribution to EFG’s future success.’
“Their appointments are also a testament to the deep pool of talent that we have within the bank and they underscore out commitment to developing our internal leadership team.”
Last month, EFG named Enrico Piotto as its new chief risk officer and a member of the executive committee, effective 1 June 2021.