– SWITZERLAND, Zurich – Zürcher Kantonalbank today announced the appointment of Urs Baumann as its new CEO effective September 1, 2022, to succeed Martin Scholl who will step down from the operational management of the bank as of August 31, 2022.
To ensure a smooth transition in the Bank’s operational management, Urs Baumann will join as a member of the General Management as of June 1, 2022. Urs Bauman, a Swiss national, has been CEO of Blue Earth Capital AG in Zug since 2015 and has more than 20 years of professional and leadership experience with global, regional, and national financial companies.
“We are very pleased to have been able to appoint Urs Baumann, a highly experienced expert in the finance and banking industry, as our new CEO,” said Board Chairman, Dr. Jörg Müller-Ganz. “As part of a multi-stage selection process, the Bank Council carefully evaluated internal and external candidates. Urs Baumann brings with him all the professional and personal prerequisites for this responsible task. He is the right person to tackle the future challenges facing the bank. His broad expertise in private banking, asset management with a focus on sustainable investments, retail banking, and products and services provides an excellent basis for the further development of our universal bank strategy. With his entrepreneurial thinking, he will provide important impetus. The Bank Council looks forward to working with Urs Baumann and wishes him every success in his new role.”
“Urs Baumann will take over a strong Zürcher Kantonalbank,” added current CEO, Martin Scholl. “The bank is in excellent shape and solidly positioned due to its successful diversification strategy. We will continue to pursue the bank’s strategic projects at full speed to achieve another good annual result next year. I would like to extend a warm welcome to Urs Baumann at Zürcher Kantonalbank and look forward to working with him. We will ensure a smooth handover of the baton.”
About Urs Baumann
Urs Baumann has 20 years of experience in national and international management as a member of the Board of Directors, Group CEO, Managing Director, and Managing Director. He started his career in 1993 as a consultant with McKinsey & Company in Zurich. From 1998, he gained professional experience in the finance and banking sector at Swisscard in Horgen, Barclays Bank PLC in London, Lindorff Group in Oslo, and Bellevue Group AG in Küsnacht. In 2015, Urs Baumann became the co-founder of Blue Earth Capital AG in Zug (formerly PG Impact Investments AG), which he still manages today. Urs Baumann holds a Master of Arts degree from the University of St. Gallen and an MBA degree from the University of Chicago Booth School. Together with his partner, Urs Baumann lives in Schindellegi, Canton Schwyz. He will change his place of residence to the Canton of Zurich.
“I would like to thank the Bank Council for the trust they have placed in me. It is an honor for me to be able to lead the leading bank in the Zurich economic region,” commented Urs Baumann. “With its comprehensive range of products and services, the bank is optimally positioned. Its aspiration to harmonize economic activity with the environment and society is fully in line with my values. I am very much looking forward to working with the Bank Council, the management team, and all employees to develop the bank sustainably so that we can continue to be a reliable and responsible partner for our customers in the future.”
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