Simon Grossenbacher will become Chief Operating Officer (COO) and Chief Financial Officer (CFO) of the Dutch private bank Van Lanschot Kempen in Switzerland in early February 2025, according to finews.com.

A company spokesperson confirmed the news last Friday, adding that Grossenbacher will join the bank as early as December 2024 to begin his onboarding. The appointment is subject to regulatory approval.

A Quarter-Century at UBS

Grossenbacher, a well-known figure in the financial sector, boasts more than 27 years of experience, 25 of which were at UBS, where he held various senior roles.

Most recently, he served as CEO of Sound Capital, one of Switzerland's largest independent asset managers, where he successfully led a regulatory transformation. Grossenbacher holds an EMBA from ETH Zurich and the University of St. Gallen.

30 Years in Switzerland

Van Lanschot Kempen is relatively less known in Switzerland. Founded in Zurich in 1995, the Dutch foreign bank has become the leading wealth manager for internationally focused Dutch and Belgian clients.

It is the only Dutch bank in Switzerland with offices in Zurich and Geneva and employs about 40 people with assets under management (AuM) of around 3 billion euros. As of mid-2024, group-wide, the bank managed nearly 140 billion euros in AuM and recorded 5.7 billion euros in net inflows during this year's first half.

Driving Transformation

Daphne Engelke, CEO of Van Lanschot Kempen Switzerland (Image: VLK)

Grossenbacher is expected to help enhance the bank's profile in Switzerland. «With his expertise in the financial sector and his experience in driving transformation and growth, we are confident that Simon Grossenbacher will make a valuable contribution to the success of our organization,» said Daphne Engelke, CEO of Van Lanschot Kempen Switzerland.

A Historic Institution

Listed on Euronext Amsterdam, Van Lanschot Kempen is the oldest independent financial services company in the Netherlands, with a history dating back to 1737.

Having achieved its objectives set for 2022, Van Lanschot Kempen has set new financial targets for 2027, including:

• Approximately 10 percent average annual growth in assets under management (AuM) through a combination of organic and inorganic growth and market performance.
• A revised cost/income ratio target of 67–70 percent, reflecting the focus on scalable growth.