EFG International, a banking group based in Switzerland, has made significant leadership changes to improve its operational efficiency and strategic direction.
Demis Stucki has been appointed as the new Chief Operating Officer (COO), replacing Martin Freiermuth. Stucki, who has been with the organization since 2021 as the global private banking COO, brings 25 years of banking experience to his new role.
Ioanna Archimandriti, the global head of human resources, has also been added to the executive committee, highlighting the bank's focus on talent management and organizational development. Both Stucki and Archimandriti will report directly to Giorgio Pradelli, the CEO of EFG International.
Stucki's leadership will prioritize digital innovation and scalability, aligning with the bank's goals for sustainable growth. Archimandriti's experience in talent acquisition and retention will be crucial as EFG aims to attract and retain top talent in a competitive market.
EFG International has demonstrated strong financial performance, with a net profit of SFr260 million ($293.7 million) for the first ten months of 2024. This positive trend reflects the bank's effective management and strategic initiatives.
The leadership changes come at a crucial time as EFG International works towards its 2025 targets and beyond. The bank's commitment to enhancing digital capabilities and operational scalability will be essential in navigating the evolving financial services industry. EFG International expressed gratitude to Martin Freiermuth for his contributions to the bank's operational efficiency and positioned itself for future growth under the new executive team.
With a strong leadership team in place, EFG International is well-positioned to achieve its ambitious growth objectives in the global banking landscape.