Raiffeisen CEO Gabriel Brenna cuts 180 jobs: What does the former McKinsey consultant have planned for the cooperative bank?
Bank boss Brenna is reorganizing the group's headquarters and cutting costs. However, a strategy to reduce dependence on the mortgage business is yet to materialize.
Raiffeisen Schweiz, under the leadership of CEO Gabriel Brenna, is undergoing a reorganization and cost-cutting measures. The bank aims to reduce costs by 60 million Swiss francs by 2027, which will involve cutting 180 jobs, with a maximum of 70 layoffs, mainly at its St. Gallen and Zurich locations. The reorganization will see the bank's central functions divided into six departments, with a focus on increasing customer orientation and improving implementation.
Brenna also announced the replacement of two executive board members, with Patrick Lehner joining from Credit Suisse to lead the private customer department.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
