Executive Board of Raiffeisen Switzerland

The Executive Board manages the operational business of the Raiffeisen Group. This involves in particular identifying influences and changes that have a bearing on the Raiffeisen Group's environment, developing relevant strategies and ensuring that subsequent implementation measures are taken. In accordance with the legal and regulatory framework, the Executive Board is charged with the execution of the resolutions passed by higher bodies. In addition, within the Raiffeisen Group, the Executive Board is responsible for ensuring financial management, Group risk management and compliance. It also ensures the implementation of the risk policy and the application architecture as well as the monitoring and coordination of the subsidiaries.

The Executive Board consists of the chairman and six other members. Meetings are normally held once every two weeks, led by the Chairman. The Executive Board has the power to pass resolutions if a majority of its members or their deputies are present. The Board passes most resolutions by consensus. If agreement cannot be reached, resolutions are passed by a simple majority, with the Chairman having the tie-breaking vote. Resolutions are minuted. The Executive Board is responsible in particular for implementing strategy, acting as a risk committee, budgeting and budget control, defining application architecture, project management and making key personnel decisions. Raiffeisen Switzerland business processes are handled by seven different departments (see organisational chart). The members of the Executive Board of Raiffeisen Switzerland are elected by the Board of Directors of Raiffeisen Switzerland.

Organisational chart (December 31, 2018)

Organisational chart (February 1, 2019)

Due to the renewal of the Executive Board after the balance sheet date, the organisational chart is published as of February 1, 2019.

Members of the Executive Board

Michael Auer*

Deputy Chairman of the Executive Board

Born in
1964

Nationality
Swiss

Joined Executive Board
2008

* On 9 November 2018, Michael Auer, as Head of Private & Affluent Clients, became Deputy Chairman of the Executive Board due to Dr Patrik Gisel's resignation. At the same time, Auer announced his intention to leave the organisation of his own volition once a new Chairman of the Executive Board took office. Heinz Huber assumed the position of Chairman of the Executive Board of Raiffeisen Switzerland as of 7 January 2019.

Professional background

    Raiffeisen Switzerland (since 2001)
  • Head of Private & Affluent Clients department/Member of the Executive Board (2015 – November 2018)
  • Head of Bank Relationship Management department/Member of the Executive Board (2008–2015)
  • Head of Human Resources Management unit (2001–2008)
  • Human Leverage AG und HRgate AG (1999–2001)
  • Managing Director
  • Swiss Bank Corporation (1990–1999; since 1997: UBS AG)
  • Head of HR in the Corporate Clients unit
  • Head of the Logistics unit
  • Head of the Regional Training Centre in St.Gallen

Education

  • Executive MBA from the University of St.Gallen (1999)
  • HWV St.Gallen (1987–1990)

Significant directorships

  • Member of the Board of Directors of Aduno Holding Ltd, Zurich
  • Member of the Executive Committee of UNICO Banking Group, Brussels
  • Member of the BoD of Säntis Schwebebahn AG
  • Member of the Coordination Domestic Banks

Paulo Brügger*

Head of Central Bank department

Born in
1966

Nationality
Swiss

Joined Executive Board 
2007

* Resigned as of 21 January 2019

Professional background

    Raiffeisen Switzerland (since 2003)
  • Head of Bank Central Bank department/Member of the Executive Board (since 2005)
  • Head of Trading department (2003–2005)
  • UBS AG (1995–2003)
  • Global Head Product Management Treasury Products (2002–2003)
  • Regional Head Foreign Exchange Trading (1998–2002)
  • Global Risk Management Group Proprietary Trading (1995–1998)
  • Julius Bär (1993–1995)
  • Treasury Products Proprietary Trading/Currency Fund Management
  • Schweizerische Bankgesellschaft (1988–1993)
  • Deputy Head of the Interest and Futures Trading desk

Education

  • Degree in Business Administration from the KSZ, Economy School Zurich (1995)
  • Banking apprenticeship (1985)

Significant directorships

  • Member of the BoD of responsAbility Participations AG, Zurich
  • Member of the Investment Committee, Raiffeisen Pension Fund
  • Member of the BoD of Leonteq AG, Zurich

Gabriele Burn*

Head of Branches & Regions department

Born in
1966

Nationality
Swiss

Joined Executive Board
2008

*Left as of 21 January 2019

Professional background

    Raiffeisen Switzerland (since 2008)
  • Head of Branches & Regions department/Member of the Executive Board (since 2015)
  • Head of Marketing & Communication department/Member of the Executive Board (2011–2015)
  • Head of Branches department/Member of the Executive Board (2008–2011)
  • Raiffeisenbank Thunersee-Süd (1997–2008)
  • Chairwoman of the Executive Board
  • Berner Kantonalbank (1992–1997)
  • Team leader Commercial/SMEs and Key Corporate Clients, various specialist and management functions
  • Bank EvK, EvK-Leasing (1989–1992)
  • Credit officer, sales team member and accounts officer
  • Berner Kantonalbank (1986–1989)
  • Credit officer, executive assistant

Education

  • CAS Digital Leadership, University of Applied Sciences in Business Administration (HWZ) Zurich (2017)
  • MAS Bank Management, Lucerne University (2010)
  • Postgraduate diploma in bank management, Executive Master of Banking, IFZ Zug (2005)
  • Federal Banking Diploma (1996)
  • Banking apprenticeship (1986)

Significant directorships

  • Chairwoman of the Swiss Climate Foundation
  • Vice-Chairwoman of the Banking Association of the City of St.Gallen
  • Member of the Management Board of the Zurich Banking Association
  • Member of the Foundation Board of Ella & J. Paul Schnorf Foundation
  • Member of the Specialist Council (Fachrat) at Lucerne University of Applied Sciences and Arts, Institute for Financial Services Zug IFZ
  • Member of the Board of Directors of the Swiss Association for Hotel Financing SGH
  • Member of the Advisory Board of Schweizer Berghilfe

Urs P. Gauch

Head of Corporate Clients department

Born in
1960

Nationality
Swiss

Joined Executive Board
2015

Professional background

    Raiffeisen Switzerland (since 2015)
  • Head of Corporate Clients department/Member of the Executive Board
  • Credit Suisse Group, Managing Director (1985–2015)
  • Head of the SME Business Switzerland (2013–2015)
  • Head of International Corporate & Institutional Clients (2011–2012)
  • Head of Special Business & Corporate Products (2008–2010)
  • Head of Corporate Clients Switzerland – Key Accounts (2004–2007)
  • Head of Corporate Centre – Corporate & Retail Banking (2002–2003)
  • Head of Management Support Corporate Clients (2000–2001)
  • Head of Credit Recovery Mittelland/Ticino Region (1998–1999)
  • Head of the Credit Recovery Department (1993–1997)
  • Head of Controlling/Key Account Manager Corp. Clients, New York (1988–1993)
  • Project Manager Controlling, SVB, Berne (1985–1988)

Education

  • IMD Program for Senior Executives, Lausanne (2013)
  • AMP Advanced Management Program, Harvard Business School, Boston (2003)
  • Swiss Banking School, Zurich (1997)
  • Degree in Business Administration, HWV, Berne (1985)

Significant directorships

  • Chair of the BoD of UPG Holding
  • Member of the BoD of FL Metalltechnik AG, Grünen-Sumiswald
  • Chairman of the BoD of Raiffeisen Unternehmerzentrum AG
  • Chairman of the BoD of Business Broker AG, Zurich
  • Chairman of the BoD of Business Broker Investment AG, Zurich
  • Chairman of the BoD of KMU Capital Holding AG
  • Chairman of the BoD of KMU Capital AG
  • Member of the BoD of Vorsorge Partner AG
  • Member of the Management Board of Epi-Suisse

Dr Beat Hodel*

Head of Risk & Compliance (CRO) department

Born in
1959

Nationality
Swiss

Joined Executive Board
2018

*Left as of 21 January 2019

Professional background

    Raiffeisen Switzerland (since 2005)
  • Head of Risk & Compliance (CRO) department/Member of the Executive Board
  • Chief Risk Office/Member of the Extended Executive Board (2005–2017)
  • COMIT AG, Zurich (2004–2005)
  • Partner/Member of the Extended Executive Board of the COMIT Group
  • ABOVO Management Consulting & Services AG, Zurich (2002–2004)
  • Founder and Managing Partner (integrated into the COMIT Group in 2004)
  • Adverum AG, Zollikon (2002–2005)
  • Chairman of the BoD 
  • Ernst&Young Ltd, Switzerland (1997–2002)
  • Senior Partner, Head Special Assurance & Advisory Services/Member of the Executive Board "Assurance & Advisory Business Services" (1999–2002)
  • Partner, Head Financial Services Consulting/Member of the Executive Board of Ernst&Young Consulting AG (1997–1999)
  • HPC, Hodel&Partner Consultants, Galmiz/Fribourg (1993–1997)
  • Managing Partner
  • Finance consulting and credit restructuring
  • Institute of Finance and Accounting at the University of Fribourg (1993–1996)
  • Instructor in bank and risk management
  • Research in structured finance/innovation finance
  • Schweizerische Volksbank, GD Berne (1990–1993)
  • Department manager and member of management team "Domestic Commerce" (1991–1993)
  • Head of Strategic Projects, Lending Activity (1992–1993)
  • Head of Equity Participations & Equity Banking (1991–1992)
  • Credit Workout and Special Financing (1990–1993)
  • Institute of Finance at the University of Fribourg (1985–1990)
  • Undergraduate research assistant with research and teaching responsibilities

Education

  • Completed Senior Executive Program, Columbia University, New York (2002)
  • Completed dissertation and doctorate (Dr. rer. pol) (1990 and 1991)
  • Degree in economics at the University of Fribourg (lic. rer. pol) (1985)

Significant directorships

  • Member of the Board of Directors of esisuisse, the Swiss banks' and securities dealers' depositor protection association

Rolf Olmesdahl

Head of IT & Services department (COO)

Born in
1963

Nationality
Swiss

Joined Executive Board
2015

Professional background

    Raiffeisen Switzerland (since 2015)
  • Head of the IT department/Member of the Executive Board
  • Zurich Insurance Group, Member of the Group Leadership Team (2011–2015)
  • Global Head of Application Development & Maintenance (2014–2015)
  • Chief Information Officer General Insurance (2011–2014)
  • UBS (1979–2009)
  • Chief Information Officer Wealth Management, Retail and Commercial Banking/Member of the Group Managing Board (2005–2009)
  • Banking apprenticeship, IT trainee, various global management and project manager functions (1979–2005)

Education

  • Executive MBA IMD Lausanne (1999–2000)
  • Swiss Banking School/Swiss Finance Institute (1995–1997)
  • Business administration degree from the KSZ (1989–1991)
  • Federal Diploma in Organisation (1989)
  • Federal Certificate in Office Organisation (1987)
  • Banking apprenticeship (1979–1982)

Significant directorships

  • Chairman of the BoD of ARIZON Sourcing Ltd, St.Gallen (until 27 November 2018)

Dr Christian Poerschke

Head of Finance & Human Resources department (CFO)

Born in
1974

Nationality
Swiss/Germany

Joined Executive Board
2015

Professional background

    Raiffeisen Switzerland (since 2005)
  • Head of the Finance & Human Resources department (CFO)/Member of the Executive Board
  • Head of the Services department (COO)/Member of the Executive Board 
  • Head of Corporate Development & Controlling (2007–2015)
  • Head of Corporate Controlling (2005–2007)
  • EFTEC, EMS-TOGO (2002–2005)
  • Business Development & Controlling
  • Roland Berger Strategy Consultants (2000–2002)
  • Consultant

Education

  • Doctorate at Philipps-Universität Marburg (2007)
  • Business administration degree at the University of Münster (1996–2000)

Significant directorships

  • Member of the Management Board, the Finance and Audit Committee and the Strategy Committee of the Valida Foundation, St.Gallen
  • Chairman of the BoD of the Raiffeisen Pension Fund and Raiffeisen Employer Foundation

Management contracts

There are no management contracts with third parties at Raiffeisen.

Compensation and loans

Information about compensation and loans of the members of the Board of Directors and Executive Board can be found in the section entitled "Remuneration report".