Stephan Preiswerk, a young and ambitious figure, is set to become the head of Private Banking at Basler Kantonalbank (BKB) in Basel starting January 2025.
Preiswerk's father, Matthias Preiswerk, is a prominent figure in the Basel aristocracy and a former partner at Baumann & Cie private bank. This transition is significant in a city where social and professional hierarchies are often influenced by old money.
Preiswerk began his career at EY in the audit department before moving to Baumann & Cie, where he quickly rose to become a client advisor. His appointment at BKB comes at a time when the position of Head of Private Banking has been vacant, and his background and connections are expected to enhance the bank's reputation and client relationships.
Preiswerk's political involvement in local governance may also be beneficial in navigating regulatory landscapes and fostering community relations.
Preiswerk's ascent represents a new era for Basel's banking elite, where traditional values intersect with modern expectations. His success will depend on his ability to navigate the challenges of private banking while leveraging his family's legacy and integrating new ideas and approaches into the industry.