Regulatory Approval Granted for Governance Transition: Board of Directors Welcomes New Members and CEO Appointed as of July 1st, 2024
REYL Intesa Sanpaolo, a prominent banking group, has recently obtained approval from the Swiss Financial Market Supervisory Authority (FINMA) for the implementation of its new governance structure. This significant development will see key leadership changes within the organization, with François Reyl stepping into the role of Member of the Bank’s Board of Directors and Chairman of its Strategic Committee. Concurrently, Pasha Bakhtiar, who currently serves as a Partner and Member of the Executive Committee, will assume the position of CEO of the Bank and Chairman of the Executive Committee. This transition is set to take effect on July 1st, 2024.
François Reyl’s tenure at REYL & Cie has been marked by significant growth and expansion, transforming the organization from an authorised securities dealer with a modest staff of 15 in Switzerland to a fully licensed bank with 400 employees, a global presence, and a diverse business portfolio. Notably, under his leadership, he played a key role in the establishment of Alpian, Switzerland’s pioneering digital private bank. Additionally, in 2021, he spearheaded negotiations that culminated in the strategic partnership between the Bank and Fideuram – Intesa Sanpaolo Private Banking. Looking ahead, François Reyl will continue to oversee the Group’s strategic initiatives in a non-executive capacity.
Reflecting on this transition, François Reyl commented, “After 22 years in an executive role at Reyl & Cie, I am very pleased to hand over to Pasha Bakhtiar the role of ensuring the continuation of our operational activities and supporting the development of the Group’s strategy. This transition is the logical and planned evolution of REYL & Cie since its integration into the Intesa Sanpaolo Group in 2021.”
In response, Pasha Bakhtiar expressed his gratitude, stating, “I am very honored to pursue François Reyl’s entrepreneurial success as Chief Executive Officer of the Group and to bring my full commitment to the pursuit of our high value-added activities for all our clients, working closely with and for the benefit of all shareholders and our employees.”
REYL Intesa Sanpaolo, established in 1973, is a diversified banking group with a robust presence in Switzerland (Geneva, Zurich, Lugano), Europe (London, Luxembourg, Malta), and globally (Singapore, Dubai). Managing assets exceeding CHF 20 billion (over CHF 30 billion including minority interests) and employing approximately 400 professionals, the organization entered into a pivotal strategic partnership with Fideuram – Intesa Sanpaolo Private Banking in 2021. Currently, Fideuram ISPB holds a majority stake in REYL & Cie Ltd.
Known for its innovative approach to banking, REYL Intesa Sanpaolo caters to an esteemed clientele of international entrepreneurs and institutional investors through its diversified business lines including Wealth Management, Corporate Finance, Asset Services, and Asset Management.
This governance transition at REYL Intesa Sanpaolo signifies a new chapter in the organization’s evolution, with seasoned leaders like François Reyl and Pasha Bakhtiar at the helm, poised to guide the group towards continued growth and success in the years to come.
For more information about REYL Intesa Sanpaolo, you can visit their official website at www.reyl.com.
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SOURCE REYL Intesa Sanpaolo
