CBH Bank appoints New Chairman
CBH Bank, a family-owned diversified banking group announces today that Sylvain Matthey-Junod, who joined the board in January 2023, has now been elected chairman replacing Thierry Weber, who has been chairman since 2009.
Mr Matthey-Junod is a lawyer with in-depth knowledge of the financial industry, having previously been in charge of legal affairs and compliance at Pictet, Lombard Odier and Syz Bank. The addition of Mr Matthey-Junod to the board of directors and his election as chairman will enable the Bank to pursue its growth strategy.
“I feel privileged and honoured to be taking on this role for the Bank” said Matthey-Junod. “As chairman, my mission will be to perpetuate the long-term strategy of reinvesting profits in order to sustain growth, to maintain one of the strongest Tier 1 capital ratios among our peers, and to continuously improve and expand our bespoke and innovative financial services for our clients.”
This announcement follows last week’s publication of the Bank’s excellent H12023 results, which continue to demonstrate the sustained growth in assets under management and revenues since the Benhamou family took control of the Bank 20 years ago. As at 30th June, 2023, assets under management totalled SFr14 billion and revenues amounted to SFr100 million, with an operating profit of SFr57.97 million.
“Our priority is as much the success of our clients, as well as maintaining solid results for our shareholders. We want to continue to grow organically, while upholding our values of achieving excellence with creativity, independence and continuity, thanks to the contribution of our people and teamwork,” added Matthey-Junod. “And if an opportunity for a targeted acquisition arises, we will certainly consider it very carefully.”
After many years on the Bank’s executive committee, Mr Weber was appointed to the board of directors in 2006, before being elected chairman in 2009. He will continue to serve CBH as a member of the board.
“We would like to express our warmest thanks to Thierry for his contribution as chairman of the board over the past 14 years. Under his chairmanship, the group has achieved unprecedented growth.” said Philippe Cordonier, chief executive officer. “We are confident that under Sylvain’s leadership, whose expertise is widely recognised, the Bank’s long-term strategic vision will be realised by providing a superior service to its clients, within a rewarding work environment for its employees,” he added.