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HSBC Guyerzeller Bank AG

HSBC Guyerzeller Bank gets new CEO

Zurich (ots)

HSBC Guyerzeller Bank is to get a new Chief
Executive Officer. The change in the top operational management of
the long-established private bank was prompted by the ill health of
the present CEO, Ilan Hayim. Heinrich Baumann, the current Chief
Operating Officer and Deputy CEO, will take the helm at the bank on
11 July 2006. Ilan Hayim will withdraw from his operational duties at
HSBC Guyerzeller Bank and will in future serve as Vice Chairman on
the Board of Directors. He has also been nominated to take over as
Vice Chairman of the Board of HSBC Private Bank (Suisse) AG as of the
end of the year. Siegfried Peyer will continue to be Deputy CEO with
responsibility for all private banking business.
The Board of Directors and Executive Committee of HSBC Guyerzeller
Bank regret to announce the resignation of the bank's CEO, Ilan
Hayim, on health grounds. Chairman Dr. Peter Widmer described Mr
Hayim's contributions to the success of the bank as "extremely
professional and providing lasting direction for our company." Clive
Bannister, the director of the HSBC Group's private banking
activities, is pleased that "we have been able to gain Ilan Hayim as
the perfect addition to the Boards of Directors of the two HSBC banks
in Switzerland."
Note to editors:
The curriculum vitae and recent photos of Dr. Heinrich Baumann are
available via HSBC Guyerzeller Bank's Commuication Departement on the
e-Mail-address  s.badertscher@hsbc.guyerzeller.com.
HSBC Guyerzeller Bank AG is a Swiss private bank that offers
wealth management services to high net worth clients and their
families. Founded in 1894, it employs 382 staff in offices in Zurich,
Geneva, Istanbul and Hong Kong. On behalf of its clients, it manages
almost CHF 25 billion in assets.
For more information, visit www.hsbc.guyerzeller.com.

Contact:

HSBC Guyerzeller Bank AG
Nicolas de Buman
Head of Marketing & Communication
Phone +41/58/206'77'42
E-Mail: n.debuman@hsbc.guyerzeller.com

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