– SWITZERLAND Zug – Zuger Kantonalbank (SWX: ZUGER) today announced that its Board has elected Hanspeter Rhyner as its new CEO, succeeding Pascal Niquille, who will retire in May 2021 after more than eleven years as CEO. Hanspeter Rhyner will take up his position at Zuger Kantonalbank in spring 2021.
Pascal Niquille has been CEO of Zuger Kantonalbank since 2009. He will reach regulatory retirement age in May 2021 and hand over his office. Under Pascal Niquille’s leadership, the bank has implemented important strategic changes. These include in particular the repositioning as an asset manager, the expansion of digital services and processes, and healthy growth in the lending business. His prudent and far-sighted approach has played a major role in ensuring that Zuger Kantonalbank is solidly positioned and successful in the market. Zuger Kantonalbank is one of the best-capitalized banks in Switzerland.
The Board would like to take this opportunity to thank Pascal Niquille for his exceptionally strong commitment.
About Hanspeter Rhyner
Hanspeter Rhyner has been CEO of Glarner Kantonalbank since 2013. Under his leadership, the bank has initiated and implemented a dual business strategy, achieved respectable growth and made a name for itself as a pioneer in digitization. Glarner Kantonalbank has been listed on the stock exchange since 2014. Hanspeter Rhyner is a profound expert on the banking business and the cantonal banks. Shortly after completing his commercial training at Glarner Kantonalbank, he took on positions of internal responsibility, followed by management positions in private banking at Credit Suisse and in corporate banking at Zürcher Kantonalbank. He returned to Glarner Kantonalbank twice, the second time in 2009 as a member of the Executive Board and Head of Corporate Clients. Under the leadership of Hanspeter Rhyner, Glarner Kantonalbank has been able to put many years of difficulties behind it and find its way back onto the path to success.
The competence and personality of Hanspeter Rhyner ideally complement the existing strengths of the management of Zuger Kantonalbank. The Bank Council is convinced that his many years of varied management experience, together with his enthusiasm and his roots in the world of cantonal banking, are ideal prerequisites for the successful further development of Zuger Kantonalbank.
Hanspeter Rhyner holds a Master’s degree in Corporate Finance.
About Zuger Kantonalbank
Zuger Kantonalbank was founded in 1892 and today employs around 450 people in 14 branches. The bank is a public limited company under cantonal public law with a state guarantee. It is listed on the Swiss stock exchange. Half of the shares are held by the Canton of Zug, the other half by around 10,000 private shareholders.
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