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Heinz Huber, CEO of Raiffeisen Switzerland, will resign unexpectedly to become Chairman of Graubündner Kantonalbank (GKB) in July 2025. Christian Poerschke will serve as interim CEO starting January 1, 2025, as the bank seeks both internal and external successors. Huber's tenure at Raiffeisen saw significant growth despite challenges, including a scandal that impacted the bank's reputation.
Barend Fruithof, once a prominent figure in Swiss banking, has made a notable comeback as CEO and Vice Chairman of Aebi Schmidt following its merger with US competitor The Shyft Group, leading to a listing on Nasdaq. Despite losing majority control, Fruithof's drive and financial expertise position him at the forefront of the new entity, while Peter Spuhler steps down from his chairman role. The merger marks a significant shift for Aebi Schmidt as it aims to become a leader in the municipal vehicle market.
Peter Spuhler is seeking to foreclose on Pierin Vincenz's villa due to unpaid loans totaling CHF 6.47 million. However, the sale proceeds are contested by Viseca, which claims CHF 1.14 million, complicating the situation and potentially delaying resolution for years. Vincenz's villa, renovated with questionable funds, remains unsold amid legal disputes.
Martina Bonati, daughter of former Zuger Kantonalbank Chairman Bruno Bonati, has been appointed to the Executive Board, overseeing private and corporate client business. With a strong background, including a Master's in Finance and previous experience at CS, her rise follows her father's departure in 2018, suggesting a continuation of family influence within the bank.
Furniture once belonging to Pierin Vincenz, the former head of Raiffeisenbank, has surfaced for sale under the name of his ex-wife, Nadja Ceregato, on a classifieds platform. This follows Vincenz's financial troubles stemming from ongoing legal issues, including embezzlement investigations and impending foreclosure of his villa. The listings, which included high-end items, vanished after attracting media attention.
Sergio Ermotti, CEO of UBS, was named Leader of the Year 2023 for his pivotal role in the Credit Suisse takeover, emphasizing the importance of banks in Switzerland's economy. Despite his recognition, concerns over his CHF 14.4 million remuneration have been raised, highlighting ongoing debates about executive pay. Ermotti aims for a return on common equity tier 1 capital of 15% by 2026, with a target of 18% by 2028, as he leads the integration process.
Peter Spuhler is now pursuing the assets of his childhood friend, Pierin Vincenz, whose financial troubles have led to frozen assets for years. Spuhler is attempting to recover a substantial loan, highlighting a dramatic shift in their fortunes since their careers peaked a decade ago.
Peter Spuhler, CEO of Stadler Rail, is pursuing 6.4 million Swiss francs from former Raiffeisen CEO Pierin Vincenz, who failed to fully repay a loan for a luxury villa. Vincenz has not made interest payments since 2022, and his assets are frozen amid ongoing legal issues. Spuhler has initiated debt enforcement proceedings to potentially foreclose on the villa in Teufen AR, as Vincenz struggles to sell the property.
Peter Spuhler is pursuing former Raiffeisen boss Pierin Vincenz for over CHF 6.4 million related to a luxury villa in Teufen, Appenzell, after Vincenz stopped making interest payments at the end of 2022. Spuhler has initiated debt enforcement proceedings, potentially leading to a forced sale of the villa, which has been on the market since summer 2022 without buyers at the CHF 12 million asking price. An auction could occur as early as spring 2025 if the situation remains unresolved.
Peter Spuhler is pursuing former Raiffeisen boss Pierin Vincenz over a CHF 6.4 million loan for a luxury villa in Teufen, which Vincenz has failed to make interest payments on since late 2022. Spuhler has initiated debt enforcement proceedings, potentially leading to a forced sale of the villa, which has been on the market since summer 2022 without buyers at the CHF 12 million asking price. The auction could occur as early as spring 2025 if the situation remains unresolved.
Pierin Vincenz
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