The Board of Directors is entrusted with the ultimate direction of Cembra Money Bank's business and the supervision of the persons entrusted with the Company's management. It represents the Company towards third parties and manages all matters which have not been delegated to another body of the Company by law, the Articles or by other regulations.
The Chairman of the Board of Directors, the members of the Compensation and Nomination Committee and the other members of the Board of Directors are elected on an individual basis at the Annual General Meeting. Each member serves a one-year term.
Based on the requirements of the FINMA Circular 17/1 the Board of Directors in its totality has adequate management expertise as well as the pre-requisite specialist knowledge and experience of the banking and financial services sector.
All members of the Board of Directors are non-executive and independent members.
Name | Function | Committee Membership | First Elected | End Current Period | |
---|---|---|---|---|---|
Dr. Franco Morra | Chairperson |
| 2023 | 2025 | expand_more |
Franco Morra has been CEO of Winsight GmbH since he founded it in 2019. The company specialises in management consultancy and board of directors mandates. Prior to this, he was at HSBC from 2010 to 2018, working as Regional CEO EMEA and CEO Private Banking Switzerland where he restructured the Private Banking division to be future-oriented. From 2005 to 2010, Franco Morra worked at UBS, where he was initially Head of Wealth Management Western Europe, Middle East and Americas. He later became CEO of UBS Switzerland and a member of the Group Management Board of the UBS Group and successfully stabilised the bank’s core business areas following the financial crisis. From 1992 to 2005, Franco Morra worked as a management consultant and global partner at The Boston Consulting Group focusing on strategic repositioning, global growth, operational efficiency and M&A and post-merger integration projects. He has a Master in Business Administration & Marketing as well as a doctorate in Economics & Health Care Management from the University of St. Gallen. | |||||
Marc Berg | Member | Member Compensation and Nomination Committee | 2022 | 2025 | expand_more |
Marc Berg (German national and resident, born in 1975) is an expert in digital transformation and business models and CEO of the Free Now Group (Intelligent Apps GmbH). He was CEO DACH at the online payment service provider Klarna Bank AB from 2016 to 2018. Previously, he held various positions at Otto Group, including responsibility for group strategy. From 2018 – 2022 he was CEO of FreeNow Group and since 2022 Managing Director at Solvd GmbH, Allianz SE. | |||||
Thomas Buess | Member | Vice Chairman, Member Compensation and Nomination Committee, Member Audit and Risk Committee | 2020 | 2025 | expand_more |
Thomas Buess (Swiss national and resident, born in 1957) is member of the Board of Swiss Life Group. Prior to this, he was Group CFO of Swiss Life Group. In previous roles, he was Head of Operational Transformation at Allianz Group and COO Global Life, as well as Group CFO and Group Management Board Member of Zurich Insurance Group. Prior to this, he was the Chief Financial Officer for Zurich Insurance Group, North America. | |||||
Sandra Hauser | Member | Member Audit and Risk Committee | 2024 | 2025 | expand_more |
Sandra Hauser is a leading IT manager in the financial sector with a high level of expertise, extensive experience and a long-standing international career. Until February 2023, she was Head Transformation & Technology and a member of the Executive Board at Zurich Switzerland. Prior to that, she was a member of the Executive Board of Arizon Sourcing (Raiffeisen Group), Global Head of BPO Center Management at Avaloq and CIO at Coutts/Royal Bank of Scotland. Her board memberships, with a seat on the respective audit and risk committees, included Assura health insurance and currently Urner Kantonalbank. Sandra Hauser is a member of the financial strategy committee of the municipality of Risch (ZG) and a trustee of the Fraunhofer Institute for Artificial Intelligence (IAIS) in Germany. | |||||
Susanne Klöss-Braekler | Member | Chairperson Compensation and Nomination Committee | 2021 | 2025 | expand_more |
Susanne Klöss-Braekler (German national and resident, born in 1964) is specialised in finance, investments, marketing and product management. She has more than 30 years of experience in the financial services industry. Until October 2020, she was a member of the Management Board of Deutsche Privat- und Firmenkundenbank AG (PFK AG), lately overseeing the areas of Products, Process Management and Digitalisation. Earlier in her career, she was a member of the Management Board and held various management roles at Deutsche Postbank AG and Deutsche Bank AG. She holds a Master in Business Administration and was a Partner at Accenture PLC. | |||||
Dr. Monica Mächler | Member | Chairperson Audit and Risk Committee | 2015 | 2025 | expand_more |
In addition to Cembra Money Bank AG, Monica Mächler serves (Swiss resident and national, born in 1956) as member of the board of directors of Zurich Insurance Group Ltd. and Zurich Insurance Company Ltd. She is also active in non profit organisations such as by serving on the board of the Europa Institut at the University of Zurich and chairing the Advisory Board of the International Center of Insurance Regulation at the Goethe University in Frankfurt. In addition she speaks, lectures and publishes in Switzerland and abroad on matters of financial market regulation, Private International Law, corporate governance and business law. From January 2009 to September 2012 she served as Vice Chair of the board of directors of the Swiss Financial Market Supervisory Authority FINMA after having led the Federal Office of Private Insurance in 2007 and 2008. In the International Association of Insurance Supervisors she was a member of the Executive Committee and chaired the Technical Committee (now called Policy Development Committee) until September 2012. After her doctoral thesis in Private International Law at the University of Zurich in 1984, Monica Mächler was practicing in a business oriented law firm in Zurich as an attorney-at-law. In 1990 she joined the group legal department of Zurich Insurance Group where she was promoted to the role of Group General Counsel and Head of the Board Secretariat in 1999 and became a member of the Group Management Board in 2001. Monica Mächler also served as a member of various expert com-missions of the Swiss Confederation on matters of financial market regulation. |