The vacated post will be filled by the COO of P&BB ad interim until a new successor is found.
Anke Bridge Haux, head of personal and business banking and a member of the executive board of Credit Suisse (Switzerland) Ltd, has decided to take on a new role as CEO of LGT Bank (Switzerland) Ltd, part of LGT Private Banking.
Bridge Haux will start on 1 September 2023, and become the CEO of LGT Bank Switzerland with effect from 1 November 2023, Credit Suisse said in a statement.
Her successor will be named in due course. In the meantime, Michael Sager, who currently serves as COO of P&BB, will take over the leadership of the business area ad interim with immediate effect. He will also become a member of the executive board of Credit Suisse (Switzerland) Ltd.
André Helfenstein, CEO Credit Suisse (Switzerland) Ltd, said: "Anke Bridge Haux has made a decisive contribution to the success of our digital banking offering CSX and has successfully led our Digital Banking and Personal & Business Banking areas. I would like to thank Anke for her great commitment to Credit Suisse over the last 15 years and to wish her all the best in her future career."
Subject to the approval of the supervisory authority, Bridge Haux. will succeed Heinrich Henckel, who will be elected to the board of directors of LGT Bank Switzerland after handing over his responsibilities to Bridge Haux. Henckel will also continue to serve on the board of LGT Wealth Management (UK).
Bridge Haux, who will report to Roland Matt, CEO Private Banking EMEA, will also join the EMEA Executive Management Board to help shape the regional strategy.
Matt said: "With Anke Bridge Haux, we are gaining a very accomplished expert in banking and the Swiss financial centre for LGT Private Banking. We are very much looking forward to working with her and to the knowledge she will bring to LGT Bank Switzerland. She will be able to build on the strong foundation of our business in the Swiss financial centre, which has developed very successfully under the leadership of Heinrich Henckel over the past decade."
Bridge Haux has extensive experience in the financial industry and in innovation management. Over the past 12 years, she has held various management positions in the Swiss unit of Credit Suisse. In 2022, as head Personal & Business Banking, she was responsible for consumer banking and corporate clients, including the online banking app CSX. Prior to that, she led the expansion of the digital banking business as head Digital Banking from 2019, and was head Digitalization & Products from 2018. In 2018, she was appointed as a member of the executive board of Credit Suisse (Switzerland). Her previous positions included UBS, where she worked in Investment Banking and Wealth Management from 2005 to 2010.
Bridge Haux is a Swiss and German citizen, who holds a master's degree in finance and economics from the University of St. Gallen and is a graduate of the General Management Program at Harvard Business School, USA.
HSH. Prince Max von und zu Liechtenstein, chairman LGT, said: "I would like to thank Heinrich Henckel for his outstanding commitment in leading LGT Bank Switzerland to great success over many years, and I am delighted that he will continue to contribute his expertise and network to the board of directors. Switzerland is one of the most important centres in international wealth management, and I am delighted that Anke Bridge Haux, an excellent banker and leader, is joining us to lead our Swiss business into the future."
LGT Private Banking is part of LGT, the private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years. As at 30 June 2022, LGT managed assets of SFr284.7 billion ($297.4 billion) for individuals and institutional clients. LGT employs more than 4,500 people who work from more than 20 locations in Europe, Asia, the Americas, Australia and the Middle East