Change in the Management Board of Cembra
24 February 2022

Change in the Management Board of Cembra

Zurich – Niklaus Mannhart, Chief Operating Officer and Member of the Management Board, has decided to leave the company by the end of August 2022 at the latest to take up a new professional challenge with a large banking group in Switzerland.

Niklaus Mannhart joined Cembra in 2018 as Chief Operating Officer and was instrumental in realigning the operational units as well as driving cultural and technological development. In addition, he was an eminent part in successfully shaping the Bank’s updated strategy. The resulting Operational Excellence Programme initiatives are now progressing according to plan. Holger Laubenthal, CEO Cembra: "We thank Niklaus Mannhart for his commitment and valuable contributions to Cembra's success. We wish him all the best in his new role."

Information on the successor will be provided in due course.

Contact  
Media: Karin Broger; +41 79 773 68 89; media@cembra.ch
Investor Relations: Marcus Händel; +41 44 439 85 72; investor.relations@cembra.ch

About Cembra Money Bank
Cembra is a leading Swiss provider of financing solutions and services. Our product range includes consumer credit products such as personal loans and auto leases and loans, credit cards, the insurance sold in this context, invoice financing, and deposits and savings products.

We have over 1 million customers in Switzerland and employ around 1,000 people from 43 different countries. We have our headquarters in Zurich and operate across Switzerland through our network of branches and our online distribution channels, as well as our credit card partners, independent intermediaries and car dealers.

We have been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013. Cembra is rated A– by Standard & Poor’s and is included in the SXI Switzerland Sustainability 25 Index and in the 2022 Bloomberg Gender Equality Index.