Raiffeisen Switzerland CEO Heinz Huber will step down from his position at the end of the year. Huber has led the banking group since January 2019 and will officially resign as chairman of the executive board on December 31, 2024.
Raiffeisen Switzerland, the country's second-largest banking group, will now begin the process of finding a successor to guide the institution in its next phase of development. Under Huber's leadership, the bank has experienced significant growth, with income reaching CHF4.1 billion ($4.6 billion) last year, reflecting a 15% increase. Profit also surged by 17.7%, totaling CHF1.39 billion.
Christian Poerschke, the current head of the finance and services department and deputy chairman of the executive board, will serve as interim CEO starting January 1, 2025. Huber will take on the role of chairman of Graubündner Kantonalbank (GKB) starting July 2025.
Raiffeisen Switzerland has expanded its business across various sectors, maintaining a strong presence with nearly 220 Raiffeisen banks and over 11,000 employees. The cooperative banking model has been instrumental in fostering community engagement and supporting local economies.
However, the banking sector has faced scrutiny and pressure, particularly regarding lending practices and risk management. The upcoming months will be crucial for Raiffeisen as it navigates this period of change and seeks to enhance its competitive edge in the Swiss banking landscape.