Migros Bank has made a significant move in its executive leadership, appointing Stephan Hässig as the new head of business banking. This strategic decision comes as the bank prepares to further enhance its corporate client services. Hässig, who has a robust background in corporate finance from his nearly two-decade tenure at UBS, is set to assume his role at the beginning of September 2025. He succeeds Olivier Häner, who has been temporarily managing this division since February.
The change in leadership follows the announcement earlier this year by Bernd Geisenberger, the former head of corporate clients, that he would depart from Migros Bank by the end of June. While a formal reason for his departure was not elaborated, it was indicated that he is seeking new professional opportunities.
Stephan Hässig brings to his new role extensive experience in corporate banking. He joined UBS in 2005 and has since played a pivotal role in advising corporate clients, institutional investors, and high-net-worth individuals. His most recent position was as the Regional Head of Personal Banking for Zurich, where he oversaw significant customer relationships and service offerings. Additionally, he was the head of corporate clients for the Aargau and Solothurn regions, showcasing his comprehensive grasp of the Swiss banking landscape.
Hässig’s previous experience also includes roles at the IHAG Zurich private bank and Zürcher Kantonalbank, where he focused on client acquisition and relationship management. His diverse background equips him with a unique perspective on the integration of personal and corporate banking, an area in which Migros Bank is keen to expand its footprint.
In a statement regarding the appointment, CEO Manuel Kunzelmann expressed enthusiasm for Hässig’s arrival, emphasizing his strong leadership skills and expertise in developing both corporate and individual client relationships. Kunzelmann noted that Hässig’s proven track record in sales and client acquisition is precisely what Migros Bank needs to further its business banking operations.
This transition in leadership occurs at a pivotal moment for Migros Bank, which has been actively seeking to bolster its position within the competitive Swiss banking sector. The shift promises to enhance the bank’s capabilities in structured corporate financing, a segment that Häner has successfully developed during his interim tenure.
With Hässig at the helm, analysts anticipate a renewed focus on innovation and customer service within Migros Bank’s corporate banking division. As commercial clients increasingly seek tailored financial solutions amidst a complex economic environment, the bank’s strategic decision to appoint Hässig reflects its commitment to addressing the evolving needs of its clientele.
The implications of this leadership change may reach far beyond internal operations. An enhanced corporate banking division could position Migros Bank more competitively against larger institutions, potentially attracting a greater share of the market. As businesses navigate uncertain economic conditions and evolving regulatory landscapes, a robust banking partner is more critical than ever.
As the financial industry continues to evolve due to digital transformation and changing customer expectations, Migros Bank’s adaptability under Hässig’s leadership will be a focal point for stakeholders. The bank’s ability to leverage Hässig’s extensive experience and vision will likely define its trajectory in the coming years.
In summary, the appointment of Stephan Hässig as Migros Bank’s new head of business banking marks a strategic step for the institution as it seeks to strengthen its corporate services. This move signals a commitment to enhancing client relationships and adapting to the demands of the modern financial landscape, ensuring that Migros Bank maintains a competitive edge in a dynamic market.