EFG International’s chief financial officer, Giorgio Pradelli, is to additionally assume the role of deputy chief executive.
This move will allow John Williamson, CEO of EFG International, to devote more of his time to the development of the five regional private banking businesses, as well as investment and wealth solutions.
Pradelli (pictured) will in future focus on EFGI’s operational and risk platform. This applies with immediate effect.
The composition of EFGI’s executive committee remains unchanged, although the reporting lines of the chief operating officer, chief risk officer and group general counsel transfer from Williamson to Pradelli.
Williamson says: “Since joining us in June 2012, Giorgio has made a significant contribution to the conclusion of our business review, in particular the strengthening of our capital position and overall risk profile. His promotion to deputy CEO is well deserved and allows for a clear focus of responsibilities within the executive team to support our objective of controlled, profitable growth."