– SWITZERLAND, Zurich – EFG International today announced the nomination of Alexander Classen as its new Chair of the Board of Directors, to succeed Peter Fanconi who will step down from the Board of Directors as of 31 October 2022.
Alexander Classen will be proposed for election to the Board of Directors of EFG International as a new member at AGM on 06 October 2022, and as its Chair as of 01 November 2022, following approvals from the Swiss Financial Market Supervisory Authority FINMA.
Concurrently, Boris Collardi will be proposed for election to the Board as a non-independent Director.
Dr. John Latsis, Member of the Board of Directors and principal representative of the major shareholder of EFG International: ”We are very pleased to propose Alexander Classen as a successor to Peter Fanconi. As a highly experienced leader in wealth management with a longstanding track record in developing business globally, we are convinced that Alexander Classen will contribute in shaping EFG’s growth strategy and furthering our long-term ambitions.”
About Alexander Classen
Alexander Classen is an acknowledged leader in the international wealth management industry with a strong track record in delivering growth. He has extensive industry experience and has worked for renowned global organisations in various leadership positions for more than 28 years. He has served as CEO & Country Head Switzerland of HSBC Private Bank (Suisse) SA since 2018 and has now resigned from this post, effective 30 September 2022. Prior to that, he was Managing Partner at Bedrock, a global investment and advisory firm based in Geneva. From 2011 to 2015, Alexander Classen held the position of CEO of Coutts International. Additionally, he spent four years with Morgan Stanley International as Head of Private Wealth Management EMEA and he ran Goldman Sachs Bank AG Zurich as General Manager from 2000 to 2006. For Pictet, where Alexander Classen started his career as a portfolio manager and private banker in 1985, he acted as local CEO in Singapore from 1995 to 2000.
Alexander Classen said: “I am delighted to be nominated as Chair of EFG International, a dynamic and entrepreneurial private banking group. Working closely with the Board and the management team, I very much look forward to leveraging my wealth management experience to further drive EFG’s growth strategy.”
Alexander Classen holds a degree in Business Administration from the University of Geneva and is a Swiss citizen.
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