Operating in a number of regions, the Switzerland-headquartered group unveiled a new COO and said its global head of HR had been made an executive committee member.

EFG International has appointed Demis Stucki as its new chief operating officer. He is taking over from Martin Freiermuth, who has stepped down from the post. At the same time, the Zurich-listed bank has appointed Ioanna Archimandriti, global head of human resources, as a member of the executive committee. 

Stucki has also been named an executive committee member, EFG said in a statement yesterday. 

In their new positions, they will both report to Giorgio Pradelli, CEO of the group. 

Stucki will oversee the entire operations and IT functions of the bank. He has been global private banking COO since 2021. Before that, he was private banking COO and chief of staff for private banking in the Switzerland and Italy region for four years. In total, Stucki has worked in the banking sector for 25 years, of which eight were in Asia. He is a Swiss citizen and chairman of the Swiss American Chamber of Commerce – Ticino chapter.

Archimandriti, a Greek citizen, has been global head of HR since 2021. She joined EFG in 2016 and has worked in a number of senior roles. Before EFG, she worked at Eurobank. 

“Attracting and retaining the best talent and continuing to enhance digital innovation and scalability will ensure we can deliver sustainable and profitable growth to achieve our 2025 targets and beyond…I would like to sincerely thanks Martin Freiermuth for his highly valued contribution in increasing EFG’s operational efficiency since joining EFG in 2020.”

EFG International, which operates in a number of regions, said in November that for the first 10 months of 2024 its net profit came in at SFr260 million ($293.7 million), up from SFr240 million in the same 10-month period a year earlier. For all of 2023, it was SFr303.2 million a year before.