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Susanne Thellung is departing from Schwyzer Kantonalbank after four years to join Zürcher Kantonalbank as Head of Private Clients on the Executive Board. Her exit has raised concerns about a potential golden parachute, prompting the FDP to advocate for a separation between banking and politics.
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.
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 (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 (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.
Zürcher Kantonalbank (ZKB) has launched a new private clients department, set to be led by former Schwyzer Kantonalbank CEO Susanne Thellung. Thellung will officially join ZKB on June 1 and assume management of the unit in November, which will cater to private clients with assets up to CHF 1 million through digital platforms and 51 physical branches.
Zürcher Kantonalbank has restructured its Private Banking division, introducing a new "Private Clients" unit for clients with assets up to 1 million Swiss francs, led by Susanne Thellung. Additionally, the Investment Solutions division will now be integrated into Private Banking, enhancing investment expertise under Florence Schnydrig Moser's leadership. The bank has also expanded its services to German clients, with Daniel Dätywler overseeing operations in Germany and Austria.
Susanne Thellung, the current CEO of Schwyzer Kantonalbank, will transition to Zürcher Kantonalbank (ZKB) on June 1, 2025. This move was confirmed in a press release from ZKB, marking a significant leadership change within the banking sector.
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.
Susanne Thellung
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