,  Press Release

CEO Hansruedi Köng announces his retirement for the end of February 2024

Hansruedi Köng, Chief Executive Officer of PostFinance, will be stepping down from his position on his own initiative at the end of February 2024. Köng has steered the financial institution as CEO for 12 years. In view of rising interest rates and supported by the company’s strategic direction, Köng will be handing over a healthy PostFinance that will remain relevant and profitable in the future.

After 21 years of service at PostFinance, 12 of them at the top, Hansruedi Köng will be stepping down as CEO of PostFinance at the end of February 2024. For the 57-year-old, this is an ideal time for a change. “PostFinance has done all the spadework with regard to its strategy, and with the turnaround in interest rates, the outlook is positive from today’s perspective,” says Köng. “I look forward to continuing with our adopted strategy in the coming year.” Köng will be leaving PostFinance on his own initiative. “We have challenging years behind us, which we’ve overcome together. I’m quite proud of that.” But these challenges have not influenced my decision. After two decades in the company, it’s time for me to take on something new. I’ll continue to be committed to entrepreneurship within and outside the financial industry.”

Chairman of the Board of Directors, Marcel Bührer, regrets the announcement of Köng’s resignation: “I accept the decision, even though we’ll be losing an excellent and valued CEO in Hansruedi Köng. At the same time, I’m glad that he’ll be staying on with us for another year. The early announcement gives us enough time to carefully choose his successor. On behalf of the Board of Directors, I’d like to thank Hansruedi Köng for his many years of tireless commitment to PostFinance. Together with the Executive Board, he’s led the bank confidently through challenging times. He’s been instrumental in making PostFinance the relevant and profitable financial institution it is today.”

Looking back on a successful era

During his time as CEO, Köng worked together with the Executive Board to profoundly restructure PostFinance. In mid-2013, PostFinance’s business activities were transferred from their previous legal form to a private limited company under private law, granted a banking licence and at the same time placed under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). As well as establishing new business models, subsidiaries and joint ventures, such as TWINT or Neobank Yuh, Köng established several partnerships in the financing (e.g. Münchener Hypothekenbank) and investment (e-trading with Swissquote) sub-markets. With the complete replacement of its core banking system, PostFinance has been operating on a modern technological platform since 2018. In the current strategy period, PostFinance has strongly expanded its non-interest-bearing business and is well positioned even without the lifting of the lending prohibition.