{
}
Susanne Thellung, former CEO of Schwyzer Kantonalbank, will lead Zürcher Kantonalbank's new private clients department starting June 1, 2025, aimed at affluent clients with assets up to CHF 1 million. This strategic move, set to launch by November 2025, seeks to capture a growing demographic often overlooked by traditional banks, enhancing ZKB's competitive edge against UBS. Thellung's leadership is expected to drive significant organizational change and attract clients disillusioned by recent banking crises.
Zürcher Kantonalbank (ZKB) has appointed Susanne Thellung to lead its new Private Clients division, targeting the upper mid-market customer segment. This strategic move aims to capitalize on a profitable growth area, especially as UBS prepares to integrate around 1.3 million former Credit Suisse clients. With a state guarantee, ZKB positions itself as an attractive alternative for clients considering a bank switch amid the ongoing changes in the Swiss banking landscape.
Christoph Künzle from ZHAW highlights the resilience of smaller Swiss private banks, which have outperformed larger institutions in a recent study. However, he warns of challenges ahead due to rising operational costs and stricter regulations, predicting further consolidation in the sector. Künzle emphasizes the necessity for banks to adapt to digitalization and cater to emerging client segments, including crypto investors and female entrepreneurs.
Christoph Künzler
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
susanne thellung to lead zkb's new private banking division for affluent clients
18:36 28.02.2025
ZKB targets high net worth clients in challenge to UBS
Euro
United States Dollar
Swiss Franc
Zürcher Kantonalbank
CHE
Susanne Thellung
Sergio Ermotti
Christoph Künzler
Maren Meyer
Show more
17:34 28.02.2025
Swiss private banks face challenges and opportunities in evolving financial landscape
13:59 11.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Supply Chain Management
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Industry Mergers & Acquisitions
Retail and Consumer Goods
Financial Scams and Security
Workplace Trends
Venture Capital Investments
Finance Mergers & Acquisitions
Cryptocurrency Trends
Funding Rounds & Investments
Fintech Startups
Emerging Startups
Energy Sector Developments
CEO Changes
Market Analysis and Predictions
Stock Market Updates
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corporation
Delhivery Limited
Ecom Express Ltd.
Alphabet Inc.
OpenAI ERC USD
Ciscom Corp.
ERICSSON - CLASS B
Physicswallah Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
Snap Inc.
Tiktok USD
Semiconductor Manufacturing International Corporation
Hua Hong Semiconductor Ltd.
Spotify Technology S.A.
Dropbox, Inc.
Vimeo, Inc.
Adobe Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Vietnamese Đồng
New Taiwan Dollar
United Arab Emirates Dirham
Russian Ruble
South Korean Won
Pakistani Rupee
Algerian Dinar
Australian Dollar
Thai Baht
Japanese Yen
Saudi Riyal
People: