Our corporate governance

An entrepreneurial vision and commitment to growth: at CIC (Switzerland) leadership is more than just a structure. It is the combination of Swiss values and the spirit of enterprise.

 

cic-rotbuche-packshot-rgb-sw-04

Sound management bodies

Guided by laws and principles that have shaped our heritage, and supported by our Board of Directors and the far-reaching ressources of our Group, the Executive Board steers our bank with passion, foresight, and a commitment to responsible growth.

Our Management Board

Headed by CEO Livia Moretti, our management team is responsible for operational leadership of the bank, including executing the corporate strategy, designing and implementing suitable processes, monitoring business activities and ensuring an effective system of internal controls is in place. Special attention has been paid to the composition of the board to promote a balance of powers and diversity of both cultures and experiences.

LM-1920x1280

Livia Moretti
Chief Executive Officer

Livia Moretti started her career at a private banking group in Luxembourg, where she held various positions for eight years. She then spent almost ten years at the European Central Bank (ECB), ending as a head of division, before leaving to take over as CEO of CIC (Switzerland) in 2023.

YA

Yves Aeschlimann
Chief Risk Officer

Yves Aeschlimann joined CIC (Switzerland) in 2023 after more than 20 years in risk management, in particular as a member of the Executive Board of Edmond de Rothschild (Suisse) SA and EFG International. Before that he was Senior Financial Sector Specialist in the Financial Market Integrity Department of the World Bank in Washington DC and an examining magistrate in Geneva.

MA1920x1280

Mirko Angelini
Chief Financial Officer

Mirko Angelini joined CIC (Switzerland) in 2023, bringing with him 20 years of national and international experience in corporate management, risk management, accounting, finance, internal controls, compliance and internal audit. He previously held similar positions at a Swiss private bank and PricewaterhouseCoopers in Switzerland and the United Kingdom.

DF1920x1080

David Fusi
Chief Business Officer

David Fusi can look back on more than 30 years of experience in the world of banking, notably as Head of Business Banking at UBS, and joined CIC (Switzerland) in 2007, where he led the expansion of the branch network and developed activities in the structured financing sector.

MK1920x1280

Mathias Kälin
Chief Operations Officer

He has extensive management experience and in-depth knowledge of IT, change management, technology and operations. Mathias Kälin joined CIC (Switzerland) in 2003. Since then he has made a major contribution to the digital transformation of the bank.

Our Board of Directors

Consisting of ten members, our Board of Directors is the body in charge of the bank’s long-term strategic orientation, i.e. setting the commercial policy and risk strategy. It exercises overall management, monitoring and control of the bank. It also issues the strategic and organisational policies and those governing financial planning and accounting.

EC1920x1280

Éric Charpentier
President

Éric Charpentier joined the Board of Directors of CIC (Switzerland) in 2021 and took over as President the following year. He is also CEO of CIC (Crédit Industriel et Commercial) in France, CEO of Crédit Mutuel Nord Europe.

burger

Roland Burger
Vice-President

A member of the Board of Directors of CIC (Switzerland) since 2018 and Vice-President since 2021, Roland Burger is a director of Asset Management Audit & Compliance SA, AML Revisions AG and finReg AG. He is also a director of several Swiss financial services providers.

ahlborn

Pierre Ahlborn
Member

A director of Banque de Luxembourg (until the end of 2025), Pierre Ahlborn has been a member of the Board of Directors of CIC (Switzerland) since 2001. He also sits on other boards, notably those of the Luxembourg Bankers Association (ABBL), the Luxembourg Red Cross and the Luxembourg Chamber of Commerce, and is President of the Luxembourg Philharmonic Orchestra.

chaffard

Jean-Albert Chaffard
Member

Jean-Albert Chaffard has been with CIC (Crédit Industriel et Commercial) in France since 1990 and was appointed Director of International Activities at CIC Group in 2017. He joined the Board of Directors of CIC (Switzerland) in 2017.

 

hartmann

Roger H. Hartmann
Member

Roger H. Hartmann joined the Board of Directors of CIC (Switzerland) in 2023. He acts as consultant or director to around a dozen companies and associations. He is also heavily involved in university and professional education.

herault

David Hérault
Member

Director of Securitisation and NPL Sales at Banque Fédérative du Crédit Mutuel and director of PaySurf. David Hérault joined the Board of Directors of CIC (Switzerland) in 2022.

maillard

Sophie Maillard
Member

Sophie Maillard is Deputy CEO and member of the Board of Directors of BRP Bizzozero & Partners in Geneva, and has been a director of CIC (Switzerland) since 2023. She also sits on the boards of directors of several Swiss financial services companies.

 

 

marais

Thierry Marais
Member

Thierry Marais has been a member of the Board of Directors of CIC (Switzerland) since 2023, while also acting as a specialist independent consultant in the financial services industry and an independent technology investor.

schimel

Sabine Schimel
Member

Sabine Schimel joined the Board of Directors of CIC (Switzerland) in 2022. She is currently CEO of Crédit Mutuel Impact and a member of the Board of Directors of Beobank in Belgium and Accenta in France.

Our group: sound finances and international expertise

We are a subsidiary of Crédit Mutuel Alliance Fédérale through Crédit Industriel et Commercial (CIC) Paris, which holds 100% of the bank’s share capital.

With more than 6.5 million members and EUR 66,048 million of own funds, Crédit Mutuel Alliance Fédérale is one of the best capitalised financial groups in Europe. It combines the strengths of a cooperative bank that enjoys strong local and regional roots with those of the international bank Crédit Industriel et Commercial (CIC).

Crédit Mutuel Alliance Fédérale was the first bank to be granted the status of "Entreprise à Mission". In January 2023 it established a social dividend to promote solidarity and mark a new phase in its results-focused mutualist approach. Each year 15% of consolidated net earnings are used to finance projects that support a greener and fairer society.

Crédit Mutuel Alliance Fédérale: key indicators 2024

Net income EUR 4,1 billion
 

Own funds (including profit for the year but before dividend)

 EUR 4.1 billion
Clients 31 million
Client assets – savings EUR 963,185 million
Loans to clients EUR 527,104 million
 

Head count at end of period (entities under Group control)

 77,127

The sound financial position and appropriate business model are acknowledged by the three rating agencies that issue ratings for Crédit Mutuel Alliance Fédérale and Groupe Crédit Mutuel:

  Issuer/long-term
senior preferred debt		 Outlook Short-term senior
preferred debt		 Date last
published
Standard & Poor’s (1) A+ Stable A–1 07.11.2024
Moody’s (2) A1 Stable P–1 19.12.2024
Fitch Ratings* (3) AA– Stable F1+ 02.04.2025


(1) Standard & Poor’s: rating of Groupe Crédit Mutuel (Caisse Centrale du Crédit Mutuel, Banque Fédérative du Crédit Mutuel (BFCM), Crédit Industriel et Commercial (CIC)).
(2) Moody’s: rating of Crédit Mutuel Alliance Fédérale/BFCM and CIC.
(3) Fitch Ratings: rating of Crédit Mutuel Alliance Fédérale (as the preponderant entity of Groupe Crédit Mutuel).

 

All the latest ratings are available on the dedicated website of Banque Fédérative du Crédit Mutuel (link: https://www.bfcm.creditmutuel.fr/en/bfcm/ratings.html).

Governance as a protective framework

In the same way as the spiky shell protects a beechnut, our governance is the protective framework that guides our ethical leadership, risk management and compliance. The shell represents the control mechanisms that protect the bank’s integrity by providing it with a recognisable shape and a clear objective. Once the shell has been opened it reveals the contents, symbolising the need for transparency in governance. A firm system of governance promotes integrity, coherence and resilience, allowing us to operate in the highly regulated and demanding financial sector.