– SWITZERLAND, Zürich – Migros Bank SA announced the election of Ursula La Roche to its Board of Directors, effective January 1st, 2023, succeeding Peter Meier, who is stepping down from the Board.
“I am very pleased that Ursula La Roche, an extremely experienced person specializing in risk management and compliance, is joining the Board of Directors,” said Board Chairman, Fabrice Zumbrunnen.
The Board of Directors of Migros Bank is now composed of:
- Fabrice Zumbrunnen, Chairman, and Chairman of the Executive Board of the Federation of Migros Cooperatives;
- Isabelle Zimmermann, Vice-President, and Head of Finance and member of the Executive Board of the Federation of Migros Cooperatives;
- Irene Billo (employee representative);
- Isabel Stirnimann Schaller;
- Bernhard Kobler;
- Michael Hobmeier;
- Ursula La Roche.
About Ursula La Roche
Ursula La Roche has been working at Swiss Re as Head of Group Internal Audit since 2021. Prior to that, she held various positions at UBS, most recently as COO of the Group Compliance, Regulatory, and Governance unit. She has also worked for FINMA, SIX Group, Telekurs, and Credit Suisse.
Ursula La Roche studied economics at the University of St. Gallen and holds a financial analyst (CFA) diploma, Certified IFRS Accountant, and Certified Management
About Migros Bank
Migros Bank is a wholly-owned subsidiary of the Federation of Migros Cooperatives and, as such, is not listed on the stock exchange. This allows it to focus optimally on creating customer benefits rather than on increasing share value. It employs some 1,700 staff and operates more than 70 branches in all regions of the country. It is therefore both widely represented and well-anchored at the regional level. Its 800,000 clients entrust it with assets worth over CHF 42 billion. As the eighth largest bank in Switzerland, Migros Bank has a great responsibility towards the environment and society, which it fully assumes. It is the first major Swiss bank to abolish bonuses – as early as 2019 – in the spirit of responsible and systematically customer-oriented resource management.
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