Important events in 2018
9 February 2018
Raiffeisen wins Lipper Fund Award
The sustainable Raiffeisen Pension lnvest Futura Balanced Fund wins the Lipper Fund Award in recognition of its consistently strong track record over ten years.
28 February 2018
Criminal proceedings against Dr Pierin Vincenz
On 27 February 2018, the Zurich III Public Prosecutor's Office notifies Raiffeisen Switzerland that it has initiated criminal proceedings against Dr Pierin Vincenz, the former Chairman of the Executive Board of Raiffeisen Switzerland. He is charged with acting in bad faith in connection with Aduno and Investnet. Since 28 February 2018, Raiffeisen has taken part as a criminal and civil law plaintiff in the criminal proceedings against Dr Pierin Vincenz and other involved parties.
8 March 2018
Raiffeisen Switzerland announces changes in the Board of Directors
There is a change in the leadership of the Board of Directors of Raiffeisen Switzerland. The serving Chairman of the Board of Directors of Raiffeisen Switzerland, Prof. Dr Johannes Rüegg-Stürm, decides to resign his position effective immediately. Prof. Dr Pascal Gantenbein steps up to serve as the interim Chairman of the Board of Directors of Raiffeisen Switzerland.
3 April 2018
Raiffeisen launches SME economic indicator
The Raiffeisen KMU PMI, an economic index published by the Raiffeisen Group, shows that Swiss SMEs rate their current business situation as positive. The index will measure the economic pulse of SMEs in the manufacturing sector on a monthly basis from now on.
11 April 2018
Prof. Dr Bruno Gehrig and Homburger conduct independent investigation at Raiffeisen Switzerland
To come to terms with the Vincenz era, Raiffeisen Switzerland launches an independent investigation and appoints Prof. Dr Bruno Gehrig as the lead investigator. He is aided by teams from Homburger and Tethong Blattner, corporate law firms. The purpose of the independent investigation is to check for irregularities in the equity purchases that Raiffeisen Switzerland and its subsidiaries have made since 2005.
Prof. Dr Bruno Gehrig publishes his report in January 2019. The Board of Directors of Raiffeisen Switzerland takes the steps proposed by the report and decides on a comprehensive set of measures.
24 May 2018
Raiffeisen continues to expand its investment activities and sells Notenstein La Roche Private Bank Ltd to Bank Vontobel Ltd
Due to the favourable performance of the Raiffeisen banks' investment activities, the Board of Directors of Raiffeisen Switzerland decides to realign the Investment Clients business segment and sell Notenstein La Roche Private Bank Ltd to Bank Vontobel Ltd. The sale is completed on 2 July.
14 June 2018
Raiffeisen acknowledges FINMA's findings and initiates improvements
Following an eight-month investigation, FINMA, the Swiss Financial Market Supervisory Authority, concludes its enforcement proceedings against Raiffeisen and orders measures that are already largely in the process of being implemented.
16 June 2018
Delegates send out a clear signal by replacing members of the Board of Directors ahead of schedule
The 115th Delegate Meeting of Raiffeisen Switzerland is dominated by two topics: Dealing with the past and future viability. At the meeting in Lugano, the delegates of Raiffeisen Switzerland set the course for the organisation's continued evolution and demand the early resignation of three members of the Board of Directors. In addition, they elect two new members of the Board of Directors, Rolf Walker and Thomas Rauber, based on previous proposals as part of the regular agenda.
19 June 2018
New Moody's rating for Raiffeisen Switzerland
Moody's announces that it has changed Raiffeisen Switzerland's long-term credit rating from "Aa2" to "Aa3" and its senior debt rating from "A2" to "A3". This rating is still in the highest quality category, and so Raiffeisen continues to number among the most creditworthy banks.
18 July 2018
Raiffeisen Switzerland announces change in Executive Board at year-end
Dr Patrik Gisel decides to step down from his position as Chairman of the Executive Board at the end of the year. The Board of Directors of Raiffeisen Switzerland immediately initiates the selection process for a new Chairman of the Executive Board.
6 September 2018
Raiffeisen and ZHAW launch a national pension barometer
It has been empirically proven time and again that the Swiss are worried about their pensions. So why does the Swiss population act so slowly or not at all? For an explanation, one merely needs to look at the national pension barometer that Raiffeisen has compiled for the first time in cooperation with the Zurich University of Applied Sciences (ZHAW).
11 October 2018
CHF 5 million for charitable projects
Total donations to the national crowdfunding platform lokalhelden.ch break through the CHF 5 million barrier this summer – just two years after its launch. The money raised by the locally focused platform goes to over 300 regional projects throughout Switzerland.
9 November 2018
Dr Patrik Gisel steps down effective immediately
The Board of Directors of Raiffeisen Switzerland and Dr Patrik Gisel, Chairman of the Executive Board, agree that his resignation planned for the end of the year can take place earlier. They do so in order to close the public debate about him and enable the Raiffeisen Group to focus on future challenges. Dr Patrik Gisel resigns all his functions with immediate effect. Michael Auer takes over operational management of Raiffeisen Switzerland until further notice.
10 November 2018
Raiffeisen delegates elect four new members to the Board of Directors and Guy Lachappelle as the new Chairman
At the extraordinary Delegate Meeting of Raiffeisen Switzerland, the delegates of the Raiffeisen banks elect Guy Lachappelle as the Chairman of the Board of Directors of Raiffeisen Switzerland with an overwhelming majority. The new members of the Board of Directors of Raiffeisen Switzerland are Karin Valenzano Rossi, Andrej Golob, Thomas A. Müller and Dr Beat Schwab. The delegates' vote is a clear mandate for change.
20 November 2018
Heinz Huber is announced as the new Chairman of the Executive Board of Raiffeisen Switzerland
Heinz Huber is slated to become Chairman of the Executive Board of Raiffeisen Switzerland on 7 January 2019. The 54-year-old previously held the same position at Thurgauer Kantonalbank.