EFG International has appointed John Reed to the board of its London-based subsidiary, EFG Private Bank, with immediate effect. He will assume the role of chairman at the next board meeting, to take place during the first quarter of this year.

Switzerland-headquartered EFG International has appointed John Reed to the board of its London-based subsidiary, EFG Private Bank, with immediate effect. He will assume the role of chairman at the next board meeting, to take place during the first quarter of this year, the firm said in a statement.

Reed has extensive experience of private banking and financial services more generally. He was CEO of Arbuthnot Latham from 2003-2007 and its vice chairman from 2007-2008. Prior to that he held a number of senior positions at SG Hambros, which he joined in 1989, encompassing a range of business areas. These roles included group chief operating officer; group head of risk; and head of corporate banking, Hambros Bank. Reed began his career at Midland Bank.

He also has a portfolio of non-executive directorships, including Ford Credit Europe Bank; Talos Securities; Innovation Finance (chairman); and Bank Of The Philippine Islands (Europe).