Luzerner Kantonalbank: Simon Kauth becomes a new member of the Executive Board
Simon Kauth will become a new member of the management board of Luzerner Kantonalbank AG (LUKB) on January 1, 2023 and will take over the management of the Technology & Services department. Simon Kauth has a doctorate in economics (University of St. Gallen HSG) and has many years of management experience at the interface between banking and IT.
In January 2022, LUKB announced that it would adapt its organizational structure in order to increase its clout in the areas of IT and digitization. The IT department, which currently reports to CFO Marcel Hurschler, will move to the previous Market Services department on January 1, 2023. At the same time, the asset management area will be moved from the Market Services department to Marcel Hurschler’s responsibility and the area of special advice (financial planning, pension, tax and inheritance law advice) will be reassigned to sales, i.e. to the Corporate Customers & Private Banking department. In the future, the Market Services department will focus even more on IT and digitization and will bear the new name “Technology & Services” from 2023.
In the course of this reorganization there will also be personnel changes: Leo Grüter, who has been a member of the management board of Luzerner Kantonalbank AG (LUKB) since 2010, will leave the management board at the end of 2022. The successor as Head of Corporate Customers & Private Banking will be Beat Hodel, who will head the previous Market Services department until the end of 2022.
As of January 1, 2023, Simon Kauth will take over management of the newly structured Department of Technology & Services. Simon Kauth received his doctorate in economics from the University of St. Gallen HSG in 1997. He has many years of professional experience both in banking and on the side of the providers of core banking software (Avaloq and Finnova), most recently at management level. Born in Thurgau, Simon Kauth lives with his family in Zollikon ZH.
“With his profile and his previous track record, Simon Kauth optimally fulfills our catalog of requirements for the management of the Department of Technology & Services: Strong IT background and profound know-how in banking,” says LUKB CEO Daniel Salzmann, explaining the choice of the new member of the management board. LUKB carried out a multi-stage selection process under the direction of Daniel Salzmann and with the support of external specialists.