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Andreas Ruesch, the Head of Private Customer Sales and Deputy CEO of Basler Kantonalbank (BKB), has left the company with immediate effect. This sudden departure has sparked speculation about his next career move. As a member of the bank’s executive board, Ruesch is subject to a six-month notice period, during which he will continue to receive his salary from BKB and is not permitted to enter into another employment contract.
René Bürgisser, Head of Sales Control, will temporarily take over the management of the Private Customer Sales department. The bank’s board will decide on a permanent successor in the coming months. Until then, the position on the executive board of Basler Kantonalbank and the group management remains vacant. Meanwhile, Regula Berger, Head of Commercial Customer Sales, has been appointed as the Deputy CEO and Deputy Chair of the Group Management.
According to BKB spokesperson Patrick Riedo, it is common for bank executives to leave their positions immediately upon announcing a change. This is due to business secrets and customer relationships that could potentially be passed on. Riedo also clarified that Ruesch’s decision to leave was solely for the purpose of advancing his career outside of the BKB Group. There were no incidents that prompted his departure, and the contract was mutually terminated in an orderly process.
Ruesch has been a member of the BKB executive board for five years and a member of the group management since 2019. He has also served as Deputy CEO and Deputy Chair of the Group Management since 2021. Prior to joining BKB, Ruesch worked for UBS for over 25 years, where he worked in Wealth Management since 2011.
While Riedo did not comment on Ruesch’s future plans, financial platform Finews.ch speculated that he could potentially become the CEO of Postfinance, a subsidiary of the Post, which is currently seeking a successor for CEO Hansruedi Köng.