EFG International To Hire Ex-RBS Coutts CEO Mueller-Sources
01 Juli 2011 - 6:38PM
Dow Jones News
EFG International AG (EFGN.EB) is hiring former RBS Coutts Chief
Executive Gerhard Mueller for its European private banking
business, several people familiar with the situation told Dow Jones
Newswires Friday.
Mueller was ousted as long-standing CEO of Coutts, the private
banking arm of Royal Bank of Scotland Group PLC (RBS.LN), in a
surprise move in May. He joins EFG, which Monday replaced CEO
Lonnie Howell with U.K. private banker John Williamson as part of a
larger strategic review, for a European private banking role, two
people said.
The people said Mueller is likely to report to Alain Diriberry,
himself a former Coutts executive.
RBS said Mueller was leaving that bank to pursue an executive
role elsewhere, without elaborating.
A spokesman for EFG didn't comment; Mueller couldn't be reached
for comment.
-By Katharina Bart, Dow Jones Newswires; +41 43 443 8043;
katharina.bart@dowjones.com
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