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Susanne Thellung appointed head of Private Clients at Zürcher Kantonalbank

Susanne Thellung, former Chairwoman of the Executive Board at Schwyzer Kantonalbank (SZKB), is set to lead the new Private Clients business unit at Zürcher Kantonalbank. Michel Degen, the Deputy Chairman of the Executive Board, will assume the role of Chairman on an interim basis, bringing extensive experience from his previous positions at SZKB.

Zürcher Kantonalbank restructures organization and creates new private clients unit

Zürcher Kantonalbank (ZKB) is restructuring its organization, creating a new "Private Clients" unit for customers with assets up to CHF 1 million, led by Susanne Thellung from June 2025. The "Private Banking" unit will focus on clients with complex needs, while the "Corporate Clients" unit will consolidate commercial clients for better service.

Zürcher Kantonalbank restructures to enhance private client services and leadership

Zürcher Kantonalbank (ZKB) is restructuring its organization by creating a new "Private Clients" unit to serve customers with assets up to CHF 1 million, led by Susanne Thellung, currently head of SZKB. This change, effective November 2025, aims to provide uniform services across branches and digital channels. The restructuring also includes adjustments to the "Private Banking" and "Corporate Clients" units to enhance service delivery and consolidate client segments.

susanne thellung appointed head of private clients at zurich cantonal bank

Susanne Thellung, the CEO of Schwyzische Kantonalbank since 2021, will soon lead the Private Clients unit at Zurich Cantonal Bank (ZKB), overseeing over 1,200 employees. Her deputy, Michel Degen, is currently acting in the role while a successor is being appointed. Thellung previously held management positions at UBS.

Zürcher Kantonalbank establishes new private clients unit under Susanne Thellung

Zürcher Kantonalbank (ZKB) is restructuring to create a new "Private Clients" unit for clients with assets up to one million francs, effective November. Susanne Thellung, currently CEO of Schwyzer Kantonalbank, will lead this unit, enhancing the bank's focus on distinct customer segments. Meanwhile, Michel Degen has been appointed interim CEO of SZKB as the succession process begins.

dbs group plans to cut 4000 temporary jobs due to ai integration

DBS Group plans to cut around 4,000 temporary jobs over the next three years, with some tasks being automated through artificial intelligence. Meanwhile, Tesla's new registrations in Europe have halved despite a 33% increase in overall electric car sales. Zürcher Kantonalbank is restructuring to create a new "Private Clients" unit, appointing Susanne Thellung as head, effective June 1, 2025. The Swiss economy showed a slight growth of 0.5% in Q4 2024, while Raiffeisen Group reported lower profits due to changing interest rates.

iqbal khan's role in greensill funds collapse raises questions about accountability

Iqbal Khan, former head of Credit Suisse's International Wealth Management, left the bank just before its significant issues arose, including the collapse of the Greensill funds, which led to a $10 billion freeze in client assets. Despite his senior role, Khan was not implicated in any wrongdoing by Finma, as investigations revealed systemic failures in the bank's management of the funds, with many former executives facing scrutiny. The Greensill debacle, alongside the Archegos bankruptcy, marked a critical decline for Credit Suisse, impacting its reputation and leadership.
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