Michel Degen as new CEO of Schwyzer Kantonalbank

25/06/2025

Press release – June 24, 2025 – Bank Council elects Michel Degen as new CEO of Schwyzer Kantonalbank

The Board of Directors of Schwyzer Kantonalbank (SZKB) has appointed Michel Degen as the new Chief Executive Officer (CEO). With the appointment of the former Chief Financial Officer (CFO), the Board is sending a clear signal of continuity, stability, and the consistent continuation of the successful strategy of the leading bank in the canton of Schwyz.

Michel Degen will assume the role of CEO of Schwyzer Kantonalbank with immediate effect. The former Chief Financial Officer (CFO) and Deputy CEO had already led the bank ad interim since the end of February 2025.

Continuity and stability at the top of SZKB

In an open and professionally managed recruitment process, Michel Degen clearly prevailed with his profile, his previous track record, and his profound knowledge of Schwyzer Kantonalbank. By choosing an internal candidate, the Bank Council is clearly committed to continuity and stability at the helm of SZKB. “The professional selection process for the CEO position has produced a clear result. I am delighted that with Michel Degen we have been able to recruit an experienced banker from within our own ranks to successfully continue our business activities,” says Bank President Dr. August Benz. “I am convinced that Michel Degen, together with all employees, will successfully continue SZKB’s positioning as a generational bank.”

CEO with broad banking expertise and in-depth knowledge of the canton of Schwyz

Michel Degen (48), who lives in Sattel, Canton of Schwyz, studied economics at the University of Basel, specializing in bank management, econometrics, monetary and fiscal policy, and capital market theory. He expanded his skills with his Chartered Financial Analyst (CFA) certification and completed the Advanced International Corporate Finance program at INSEAD. Michel Degen joined SZKB at the beginning of 2022 and has since served as a member of the Executive Board as CFO (Chief Financial Officer) and CRO (Chief Risk Officer). Previously, Michel Degen held various management positions at Basellandschaftliche Kantonalbank. The new CEO also understands the needs and peculiarities of the Canton of Schwyz from his previous role as a member of the Executive Board and as Chief Financial Officer of Schwyz’s most important bank.

Strategy as a generation bank is consistently continued

“I am very much looking forward to my new role and to continuing to work with the Bank Council, the Executive Board, the management team, and our employees,” says Michel Degen. “Together, we will continue to pursue the successful path Schwyzer Kantonalbank has embarked on – in the interests of our customers and the Canton of Schwyz.” The consistent positioning as a multi-generational bank and targeted expansion in the areas of investments, pensions, and SMEs remain key priorities. SZKB is and will remain the leading bank in the Canton of Schwyz. With a clear strategy, a competent team, and close ties to the region, it will proudly continue to fulfill its public mandate of being the trusted bank for all people and companies in the Canton of Schwyz.

Search for new CFO started

With the appointment of Michel Degen as Chairman of the Executive Board, the succession process for the Finance and Risk Management division must be reorganized. The recruitment process for the new CFO has therefore already begun. Until the new position is filled, Jürg Billeter will continue to head the division and serve as CFO on an interim basis.

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Media spokesperson Schwyzer Kantonalbank

Daniel Slongo

Marketing & Communication

Schwyzer Kantonalbank
Bahnhofstrasse 3
P.O. Box
6431 Schwyz

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Source : szkb

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