St.Galler Kantonalbank: Change in the Executive Board

St. Gallen, 31. May 2017

Daniel Lipp, Head of Private Banking of St.Galler Kantonalbank AG, resigns from the Executive Board immediately. The resignation takes place at his own request. CEO Roland Ledergerber will continue to lead the Private Banking segment ad interim. The search for a successor of Daniel Lipp is initiated.

Daniel Lipp has been a member of the Executive Board and Head of Private Banking since 2008. The strategic adjustments of St.Galler Kantonalbank and particularly in the Private Banking segment during this period have been decisively influenced and successfully implemented by Daniel Lipp.

Daniel Lipp leaves St.Galler Kantonalbank immediately at his own request and will accept a new professional challenge. The Board of Directors and the Executive Board would like to thank him for his valuable work and wish him all the best for his future.

The succession of Daniel Lipp has not yet been determined. Roland Ledergerber, CEO of St.Galler Kantonalbank, will lead the Private Banking segment ad Interim.