Media Relations

Be in the know with the latest news and reports from EFG

Find out more

25 April 2024

EFG International announces the appointment of Yves Maas as Chair of the Board of EFG Bank (Luxembourg) S.A.

EFG International is today announcing the appointment of Yves Maas as the new Chair of the Board of its subsidiary EFG Bank (Luxembourg) S.A., effective 25 April. He succeeds Bernd-A. von Maltzan, who has stepped down after serving as Chair since April 2016.

Yves Maas is a highly respected figure within the European banking industry. He spent a large part of his career at Credit Suisse, where he held senior positions, including serving as Managing Director of International Private Banking Operations and as CEO and Country Head of Credit Suisse Luxembourg. His proven leadership skills and strategic vision led to his appointment as Chairman of the Board of Credit Suisse Luxembourg in 2017, a post he held until February 2024. Yves Maas also played a significant role within the Luxembourg Bankers’ Association (ABBL), where he was Chairman from 2014 to 2018.

Alexander Classen, Chair of the Board of Directors of EFG International: “I am delighted to welcome Yves Maas as Chair of the Board of EFG Bank (Luxembourg) S.A. With his extensive professional experience and expertise, coupled with his excellent reputation in the Grand-Duchy and beyond, he is a very valuable addition to the leadership team in Luxembourg. I am convinced that he will be able to successfully take the Bank to the next level in terms of evolution and growth. I would also like to express my sincere gratitude to Bernd-A. von Maltzan, our retiring Chair. His invaluable contributions and leadership have been instrumental in establishing EFG as a trusted partner in the Luxembourg banking landscape. His tenure as Chair was marked by significant milestones and achievements that have strengthened EFG’s position in this important market.” 

Giorgio Pradelli, CEO of EFG International: “We are very pleased to welcome Yves Maas as our new Chair of the Board of EFG Bank (Luxembourg) S.A. His appointment comes at a time when EFG is poised to achieve substantial growth and to seize new opportunities as a reliable and professional financial partner, delivering a variety of private banking and wealth solutions in Luxembourg. Yves’ expertise in many areas of risk management, financial regulation and digital transformation, combined with his strong commitment to sustainable banking practices, are perfectly aligned with EFG’s vision and strategic objectives. At the same time, I would like to sincerely thank Bernd-A. von Maltzan, with whom I have worked for many years, for his outstanding commitment to EFG over a decade and to wish him all the very best for the future.” 

Commenting on his appointment, Yves Maas stated: “I am deeply honoured to assume the role of Chair of EFG Bank (Luxembourg) S.A. As we chart our course in this dynamic financial landscape, I am committed to fostering innovation, promoting sustainable practices and enhancing stakeholder value. I am grateful for the trust placed in me and will strive to uphold the high standards set by my predecessor, Bernd-A. von Maltzan.”

Important disclaimer

This document has been prepared by EFG International AG (“EFG”) solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for, purchase or redeem any securities regarding EFG. 

This media release includes forward-looking statements that reflect EFG’s intentions, beliefs or current expectations and projections about EFG’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve all matters that are not historical facts. EFG has tried to identify those forward-looking statements by using the words ‘may’, ‘will’, ‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although EFG believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause EFG’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions in Switzerland, the European Union and elsewhere, and EFG’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. EFG and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media release and any change in EFG’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.