Banque Cantonale de Geneve : New Chairman of the Board of Directors

In accordance with article 12 of the Banque Cantonale de Genève (BCGE) Act, the State Council has appointed Mr Gilbert Probst as the new Chairman of the Board of Directors; he will succeed Mr Jean-Pierre Roth who has chaired the Bank since 1stJuly 2010.

This appointment has today been communicated by the State Chancellery. The new Chairman of the Board of Directors will take office on 25 April, after the Bank's ordinary General Meeting.

Gilbert Probst, born on 17 September 1950, was Full Professor of Management and Organization at the University of Geneva from 1987 to 2015. Since then, he has held the roles of Honorary Professor, Director of the Public-Private Partnership Centre and Co-director of the MBA programme at the Geneva School of Economics and Management (GSEM). Gilbert Probst is Co- founder and Vice-chairman of the Swiss Board Institute foundation (Geneva), Vice-chairman of the Swiss Institute of Directors for Switzerland (St. Gallen).

From 2007 to 2016, Gilbert Probst was Managing Director at the World Economic Forum (WEF), Dean of the Global Leadership Fellows Programme and responsible for the Open Forum Davos.

Previously, Gilbert Probst was Vice-director and Adj. Professor at the Institute of Sciences and Management (IfB) of the University of St. Gallen (1983-1987) and taught at the Wharton School of the University of Pennsylvania and at the International Management Institute (IMI) in Geneva. He is the founder of the Public-Private Partnership Centre (University of Geneva), of the Centre for Organizational Excellence (University of St. Gallen) and of the Geneva Knowledge Forum.

Gilbert Probst has extensive experience in the private sector. He has been a member of the boards of directors of EPA/UNIP, Kuoni, Holcim, Schlaepfer embroideries, Alu Menziken and Acqiris. He currently holds no private sector office.

The Board of Directors and executive team of the Bank look forward to working with Gilbert Probst and to be able to benefit from his vast business management knowledge and his grassroots experience.

Hélène De Vos Vuadens, BCGE Spokesperson: +41 (0)22 809 24 11 - helene.de.vos.vuadens@bcge.ch

Olivier Schaerrer, Deputy BCGE Spokesperson: +41 (0)22 809 31 85 - olivier.schaerrer@bcge.ch

Banque Cantonale de Genève

Case Postale 2251

1211 Genève 2

Website: www.bcge.ch

Tel. +41 (0) 58 211 21 00

Fax +41 (0) 58 211 21 99

BCGE: "made in Geneva" banking solutions

A universal bank since 1816, the BCGE provides high-quality banking services for private, business and institutional clients in Geneva and its surrounding area. The BCGE offers the following bank services: everyday banking facilities, private banking, asset management, investment funds, pension planning, mortgages and lending to the private and public sectors. It runs a trading room and offers financial engineering, business valuation and transmission, private equity and trade finance services.The BCGE Group has 22 branches in Geneva and operates a number of its services in Lausanne, Zurich, Lyon, Annecy, Paris, Dubai and Hong Kong. It employs 738 people (full-time equivalents, as at 31 December 2016). The BCGE is quoted on the SIX Swiss Exchange, the Swiss stock exchange (Authorised share no. 35 049 471).