GENEVA, July 1, 2024
/PRNewswire/ -- REYL Intesa Sanpaolo has received FINMA approval
for the implementation of its new governance structure. François
Reyl becomes a Member of the Bank's Board of Directors and Chairman
of its Strategic Committee. Pasha Bakhtiar, currently a Partner and
Member of the Executive Committee, becomes the new CEO of the Bank
and Chairman of the Executive Committee. The change will take
effect on July 1st, 2024.
Under François Reyl's leadership, REYL & Cie has expanded
from an authorised securities dealer with 15 staff in Switzerland to a fully licensed Bank with 400
employees, an international presence and a diversified business
scope. He co-led the incubation of Alpian, Switzerland's first digital private bank and,
in 2021, initiated the negotiations that resulted in the Bank's
strategic partnership with Fideuram - Intesa Sanpaolo Private
Banking. François Reyl will continue to oversee the development of
the Group's strategic activities from a non-executive
standpoint.
François Reyl, Partner and Chief Executive Officer, comments:
"After 22 years in an executive role at Reyl & Cie, I am very
pleased to hand over to Pasha Bakhtiar the role of ensuring the
continuation of our operational activities and supporting the
development of the Group's strategy. This transition is the logical
and planned evolution of REYL & Cie since its integration into
the Intesa Sanpaolo Group in 2021."
Pasha Bakhtiar, Partner, adds: "I am very honoured to pursue
François Reyl's entrepreneurial success as Chief Executive Officer
of the Group and to bring my full commitment to the pursuit of our
high value-added activities for all our clients, working closely
with and for the benefit of all shareholders and our
employees."
About REYL Intesa Sanpaolo
www.reyl.com
Founded in 1973, REYL Intesa Sanpaolo is a diversified
banking group with offices in Switzerland (Geneva, headquarters, Zurich, Lugano), Europe (London, Luxembourg, Malta) and the rest of the world (Singapore, Dubai). It manages assets in excess of
CHF 20 billion (more than
CHF 30 billion including minority
interests) and employs around 400 professionals. In 2021, it
entered into a strategic partnership with Fideuram - Intesa
Sanpaolo Private Banking, a leading European banking player.
Fideuram ISPB currently holds a 73% stake in REYL & Cie
Ltd.
Developing an innovative approach to banking, REYL Intesa
Sanpaolo serves a clientele of international entrepreneurs and
institutional investors through its Wealth Management, Corporate
Finance, Asset Services, and Asset Management business lines.
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SOURCE REYL Intesa Sanpaolo