Swiss sustainable banking group J. Safra Sarasin has appointed former UBS executive Jürg Haller as its new chairman.
Haller will be chairman of Bank J. Safra Sarasin and a member of the board of J. Safra Sarasin Holding, replacing Ilan Hayim.
Haller, a Swiss national, has extensive experience in the banking sector both in Switzerland and globally, joining from UBS where he was executive vice chairman of global wealth management.
He began his career at Raiffeisenbank Basen-Wettingen and has also held positions at J.P. Morgan in New York and Zurich.
Outgoing chairman Ilan Hayim,who has served the group since 2013, will resign from both boards while ensuring a smooth transition over the next few months, the company said.
Jacob J. Safra, chairman of J. Safra Holdings International and vice chairman of J. Safra Sarasin Group, said: “On behalf of the board of directors, I would like to thank Ilan Hayim for his invaluable collaboration and services during the last six years. We will miss his broad experience and excellence on the board, where he has consistently provided important insights.
“In addition, I would like to welcome Jürg Haller to the boards of J. Safra Sarasin Holding and Bank J. Safra Sarasin. He has an excellent track record with decades of experience in all areas of banking, and I am confident he will help us continue our success story going forward.”
Haller added: “I look forward to working with the management and staff to support the bank’s growth strategy and to continue building an entrepreneurial, healthy and vibrant environment that will enable us to ensure its continued success.”
J. Safra Sarasin, a family-run private banking group with a strong focus on sustainability, has CHF 165bn of assets under management as at the end of December 2018.