People Moves
New CEO, Management At Swiss Private Bank
The management of AAM Privatbank, the Swiss private bank owned by Basler Kantonalbank, has recently made a number of top level appointments, including that of a new chief executive.
The new CEO of AAM Privatbank is Dr Retro Erdin, a member of the corporate management and director of private clients and private banking at Basler Kantonalbank (BKB), the cantonal bank of Basel.
Dr Erdin replaced the former chief executive Ralph Sauser, who has left the firm, the bank said in a statement. In his new role Dr Erdin will focus on the expansion of the bank’s private banking services and improve the synergy potential of AAM Privatbank and BKB. He will remain in his positions at BKB.
He has been with BKB since 2006; having prior been chief market officer and member of the management at Baloise Bank Soba.
In addition, Hans Ringger, head of private banking Zurich and member of the executive committee at BKB, has become a member of AAM Privatbank’s management and the bank’s head of private banking.
Mr Ringger, too, will keep his positions at BKB. Prior to joining BKB in 1997, Mr Ringger headed a Volksbank branch Zurich.
Furthermore, Hans Rudolf Matter is the firm’s new chairman of the administrative board and Urs Genhart joined the board, where he replaces Dr Erdin, the new CEO.
Mr Matter joined BKB in 2004. Prior to this he chaired the management of Coop Bank and was a member of the management of the private banking arm at Basellandschaftliche Kantonalbank, the cantonal bank of Basel-Country.
AAM Privatbank is a private bank focusing on the administration of assets, with offices in Basel, Bern, Geneva and Zurich. The bank was bought by BKB in July this year.
Headquartered in Basel, AAM Privatbank has a history going back to 1917. Before being owned by BKB, it belonged to the Basellanschaftliche Kantonalbank, which acquired it in 2001; As of mid-July, the firm had a headcount of 96 and SFr3.1 billion ($3 billion) in client assets under management.
Cantonal banks are Swiss government-owned commercial banks; there are 24 in the Alpine state.
