Bloomberg News

BSI Names Coduri as CEO From January, Gysi to Become Chairman

October 26, 2011

Oct. 26 (Bloomberg) -- BSI Group, the largest private bank in Switzerland’s Italian-speaking region, said Stefano Coduri will replace Alfredo Gysi as chief executive officer in January.

Gysi, who has run BSI since 1994, will join the board in January and is expected to become chairman in April, the Lugano- based bank said today in an e-mailed statement. Coduri joined BSI in 1989 and is currently head of the banking platform.

BSI, which had client assets of 74.7 billion Swiss francs ($85.5 billion) at the end of June, is owned by Italy’s biggest insurer, Assicurazioni Generali SpA.

“The bank has proven its ability to face the difficult current environment positively, thanks especially to a high- quality team that rose through the ranks within the bank on the basis of merit,” said Generali CEO Giovanni Perissinotto.

--Editors: Dylan Griffiths, Keith Campbell.

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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