Press Release

Appointment: Hansruedi Köng new Head of PostFinance

The Board of Directors of Swiss Post has appointed Hansruedi Köng as the new Head of PostFinance. The 45-year-old economist will take over from Jürg Bucher as Head of the financial arm of Swiss Post on 1 January 2012 and will also be a Member of Executive Management. Hansruedi Köng has been Head of Treasury since 2003 and also Head of Finance at PostFinance since 2007. He studied economics at the University of Berne and completed the advanced programme in financial management at the Swiss Finance Institute.

At its meeting on 3 May 2011, the Board of Directors of Swiss Post elected Hansruedi Köng as the new Head of PostFinance and as a Member of Executive Management at Swiss Post. Hansruedi Köng (aged 45) will take up his new position on 1 January 2012. He has been Head of Treasury since 2003 and also Head of Finance at PostFinance since 2007. Thanks to this experience and his position as a Member of the Board of PostFinance, he has excellent knowledge of operations and management of the financial arm of Swiss Post. He is very familiar with the current strategic development of the financial unit and will continue to advance the development of one of the main players in the Swiss retail financial market.

Responsible for investment strategy

Hansruedi Köng was responsible for the merger of the Treasury and Finance departments and for building up a professional asset and liability management system at PostFinance. He is in charge of implementing the strategy for the investment of customer deposits defined by the Swiss Post Board of Directors. Before joining Swiss Post he worked at Schweizerische Volksbank, the Basler Kantonalbank and PricewaterhouseCoopers in a number of positions in financial management. He was then deputy manager of the BV-Group Bern for two years, a company that specializes in start-ups and the provision of equity capital. He joined PostFinance in 2003. Hansruedi Köng is married, has a daughter and lives in Zollikofen (Canton Berne).

Leading market position

With 2.45 million private customers, around 331,000 business customers and customer deposits under management of CHF 89 billion, PostFinance is the number one in the Swiss payments business and one of the main players in the financial sector. This unit of Swiss Post employs 3,300 people and generated a profit of CHF 575 million in 2010. Under the new postal legislation, PostFinance will soon be transformed into a public company under private law and will be owned by Swiss Post.

Successor to Swiss Post CEO

The current Head of PostFinance, Jürg Bucher, has been CEO of Swiss Post since December 2009. He will probably step down in summer 2012 when he reaches the statutory retirement age. The Board of Directors of Swiss Post will appoint a successor to the post of CEO in good time.