EFG International is to combine its Legal and Compliance functions into a single division under the leadership of Yves Aeschlimann as new Group Head of Legal & Compliance.
Aeschlimann will also become a member of EFG International’s Executive Committee, when he joins effective by 01 May 2019, subject to regulatory approval. Vittorio Ferrario, Group Chief Compliance Officer, has decided to leave EFG at the end of the first quarter of 2019 after having successfully completed the BSI integration and substantially strengthened EFG’s regulatory compliance framework.
Aeschlimann has served as Group Head of Legal and Compliance and a member of the Executive Committee at Edmond de Rothschild (Suisse) SA since 2013. Prior to that, he worked as a Senior Financial Sector Specialist in Financial Market Integrity for the World Bank in Washington DC and spent eight years at the Geneva Criminal Justice Department as Investigating Magistrate from 2001 to 2009. Aeschlimann is a registered barrister and started his career as a practising attorney in Geneva
Ferrario will continue in his current role until the end of March 2019 to finalise the optimisation phase.
Giorgio Pradelli, CEO of EFG International, says: “I would like to express my sincerest thanks to Vittorio Ferrario for his commitment and the vital role he played in the successful completion of the integration process. Together with my colleagues from the Executive Committee, we wish Vittorio the very best for his future endeavours. At the same time, we are pleased that Yves will join EFG as Group Head of Legal & Compliance. With his extensive experience, Yves will be a strong addition to our management team. We are convinced that under his leadership the combination of the Legal and Compliance functions will further advance these areas, which are key to EFG’s sustainable long-term success.”