Deutsche Bank has named veteran Swiss banker Peter Hinder as its new Chief Executive Officer, according to a Reuters report today. He will take over as head of its operations in Switzerland and its European wealth management business.
Hinder joined Deutsche Bank last year as Managing Director, Chief of Staff for Private, Wealth & Commercial Clients. He was responsible for planning, coordinating and monitoring the business transformation and business strategy.
Hinder commences his new role on 1 December and will replace Marco Bizzozero, who is leaving the bank.
Prior to this, Hinder had a 23-year stint at UBS as Head of UBS Northern Switzerland Region where he was responsible for coordinating all UBS activities in the region and four years as CEO of Thurgauer Kantonalbank .
Deutsche Bank has been active in Switzerland since 1980 and employs approximately 700 employees in the country.
As reported by Finance Magnates earlier this week, the bank as Chairman of its Supervisory Board for a second term after successfully navigating the lender through several turbulent years which included the bank’s LIBOR manipulation charges and thousands of job cuts.