REYL Intesa Sanpaolo appoints François Reyl as a new Member of the Bank’s Board of Directors and Chairman of its Strategic Committee. Pasha Bakhtiar, currently a Partner and Member of the Executive Committee, becomes the new CEO of the Bank and Chairman of the Executive Committee. These changes, effective as of July 1, 2024, are subject to FINMA’s approval.

After a 13-year career as a M&A lawyer and investment banker, François Reyl joined the Bank in 2002 as Head of Development and became CEO in 2008. Under his leadership, REYL & Cie has expanded its international presence and significantly diversified its business scope, with the launch of the RAM fund range, Entrepreneur & Family Office Services, Corporate Finance and Asset Services, as well as the incubation of Alpian, Switzerland’s first digital private bank. In 2021, he led negotiations that led to a strategic partnership with Fideuram - Intesa Sanpaolo Private Banking, in which the Reyl family and the Partners jointly sold a majority stake in the Bank to the Italian banking giant. Mr. Reyl will retain the title of Senior Partner, on a non-executive basis.

Pasha Bakhtiar has been a Partner at the Bank since 2018 and a Member of the Executive Committee since 2023. As CEO effective July 1, 2024, subject to regulatory approvals, he will chair the Bank’s Executive Committee and have overarching responsibility for business development and operational matters. Prior to his appointment as a Partner, Pasha 
co-founded and led the Bank’s subsidiary in the United Arab Emirates from 2014 to 2018. He has also played a key role in the launch of Alpian, of which he currently chairs the Board of Directors. Pasha Bakhtiar brings to the CEO role 25 years of experience in wealth management, asset management, and digital banking strategies. He will drive the next phase of the Bank’s growth within the Fideuram - Intesa San Paolo Private Banking group at a particularly opportune time, characterized by a renewed business model and a critical size particularly suited to the profound evolutions of the current Swiss banking environment.