Falcon Group, a Swiss private banking boutique with a major presence in the UAE, has appointed Bruno Meyer as new chief risk officer and member of the executive board effective July 1.

An industry veteran, Meyer has a proven international track record and over 20 years of banking experience. He joins Falcon in the newly-created role of chief risk officer after a long-standing career at Credit Suisse, said a statement from the Swiss bank.

Meyer had held various management positions at Credit Suisse, mainly in the risk management and finance areas. Most recently he was head of risk analytics and communication for Credit Suisse.

Additionally, he is the CEO and board member of the Swiss Risk Association. He holds a Master of Material Engineering from the ETH Zurich, said the statement.

As a member of the bank’s executive board, Meyer will report to Falcon Group CEO Walter Berchtold.

Welcoming the appointment, Berchtold said: "The appointment of Meyer, a very senior risk and banking professional, complements our executive board ideally. His appointment is crucial in our strategic repositioning and in further strengthening our compliance and risk framework."

Meyer said he was very excited to become part of Falcon’s transformation and convinced that the new strategy will enable Falcon to grow.

Besides Berchtold, the executive board comprises Urs Zgraggen (CFO), Erich Pfister (Global Head Private Banking), Arthur Vayloyan (Global Head Products & Services).

A major global player in the financial sector, Falcon Private Bank boasts 50 years of expertise in wealth management.

The group provides first-class financial services to private clients and wealthy families from its headquarters in Zurich and other locations in London (UK) and Abu Dhabi and Dubai (UAE).-TradeArabia News Service