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Heinz Huber, after six years at the helm of Raiffeisen Switzerland, will step down at the end of the year to become Chairman of Graubündner Kantonalbank in July 2025. His tenure saw internal reforms and a profit increase, but critics argue he failed to innovate or diversify the bank's offerings. Huber's successor at Raiffeisen is yet to be determined, with CFO Christian Poerschke temporarily leading the bank amid ongoing strategic challenges.
Peter A. Fanconi will remain president of Graubündner Kantonalbank until June 2025, after which Heinz Huber will take over as chairman starting July 2025. Huber, currently CEO of Raiffeisen Switzerland, succeeds Fanconi amid scrutiny related to a controversial credit concession involving an Austrian real estate group.
Heinz Huber has been appointed as the new president of Graubünden Cantonal Bank, effective July 1, 2025, succeeding Peter A. Fanconi. Huber, currently Chairman of the Executive Board of Raiffeisen Switzerland, brings extensive financial experience and a commitment to enhancing the bank's local ties and community engagement.
Eastern Switzerland's financial institutions are facing significant challenges, particularly Raiffeisen, which is grappling with IT issues and customer dissatisfaction. CEO Heinz Huber will step down at the end of the year amid a 500 million franc debacle, yet he will take on the role of Chairman at Graubündner Kantonalbank in July 2025. The region's banking sector continues to be marred by scandals and governance concerns, raising questions about the accountability of its leaders.
Heinz Huber has been appointed as the new president of Graubünden Cantonal Bank, effective July 1, 2025, succeeding Peter A. Fanconi. Huber, who has extensive experience in the financial sector, currently serves as chairman of the executive board of Raiffeisen Switzerland and has a strong connection to Graubünden through his secondary residence. Fanconi will remain in his position until the end of June 2025 to ensure a smooth transition.
The EU's center-right EPP alliance advocates for maintaining climate targets while allowing exemptions for e-fuels, urging a reversal of the planned combustion engine ban to ensure technological neutrality. Meanwhile, SpaceX's valuation has surged to $350 billion following a significant share sale, and Adidas is under investigation for customs compliance issues. Additionally, China has initiated proceedings against Nvidia for alleged anti-monopoly violations, and Bitcoin has reached a record high of over $106,000, driven by market optimism following Donald Trump's election.
Peter A. Fanconi
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