Heinz Huber, the CEO of Raiffeisen Switzerland, has announced his decision to step down from his position at the end of the year.
Huber, who has been at the helm since January 2019, will officially leave his role as Chairman of the Executive Board on December 31, 2024. Following Huber's exit, Christian Poerschke, currently the Head of the Finance and Services Department and Deputy Chairman of the Executive Board, will assume the role of interim CEO starting January 1, 2025.
Huber's tenure has been characterized by prudent management and strategic growth, which has positioned Raiffeisen Switzerland favorably within the competitive banking landscape. During his nearly six years in leadership, Huber has played a pivotal role in the development of Raiffeisen Switzerland, overseeing significant expansions across all business areas.
Under his guidance, the banking group reported a remarkable income of 4.1 billion Swiss francs in the previous year, reflecting a 15 percent increase. Additionally, the profit surged by 17.7 percent to reach 1.39 billion Swiss francs, showcasing the effectiveness of Huber's strategies in navigating the complexities of the financial sector.
As Huber prepares to transition to a new role as Chairman of Graubündner Kantonalbank (GKB) in July 2025, the focus now shifts to the future leadership of Raiffeisen Switzerland. The banking group is poised to continue its trajectory of growth and innovation, with Poerschke stepping in as interim CEO.
The upcoming leadership change comes at a time when the banking sector is facing various challenges, including regulatory pressures and evolving market dynamics. Raiffeisen Switzerland's ability to adapt to these changes will be essential for maintaining its competitive edge.
The leadership transitions at both Raiffeisen Switzerland and GKB highlight the dynamic nature of the Swiss banking landscape.