Creation of a new "Legal and Compliance" division
A "Legal and Compliance" division will be created on 1 January 2022. Philippe Marti will be responsible for this new division and will also be appointed as a member of the Executive Board (subject to final approval by FINMA).
On the recommendation of the CEO, the Board of Directors has decided to create a new Legal and Compliance division as of 1 January 2022. This division will be made up of approximately fifty employees and will combine the currently existing Legal, Compliance, Tax Compliance and Litigation departments.
Philippe Marti will be responsible for this new division. He joined BCGE in 2010 as Head of the Legal department and is in charge of the business unit that already includes these strategic functions within the Finance division. Philippe Marti also becomes a Member of the Executive Board. The Bank thus confirms the strategic importance of these areas of control and protection within the Bank. It is thus anticipating the governance challenges and regulatory constraints arising from the Group's development and the increasing complexity of its activities in Switzerland and abroad.
BCGE will be organised into 8 divisions as of 1 January 2022: Executive Board, Finance, Operations, Geneva, Corporate Clients, International, Asset Management and Legal and Compliance.