Martina Bonati, the daughter of former Chairman Bruno Bonati, has been appointed to the Executive Board of Zuger Kantonalbank. In her new role, she will be responsible for overseeing private and corporate client business.

Martina Bonati has been with the bank for eight years and previously held a significant position in corporate development and project management. Her father, Bruno Bonati, retired in 2018 and had established a foundation to support his daughter's career advancement within the institution.

The bank's board has emphasized Martina's extensive experience, including her previous tenure at Credit Suisse and her Master's degree in Finance from HSG, as key factors in her promotion. This move reflects ongoing discussions about governance and succession in major financial institutions, particularly in relation to the potential impact of nepotism in leadership roles.