Nick Allen New Chief Executive Officer of Rhone Trust and Fiduciary Services SA

The Supervisory Board of Rhone Trust and Fiduciary Services SA and the Board of Directors of Rhone Trust and Fiduciary Services SA are very pleased to welcome Nick Allen as new Group CEO.

Nick joins Rhone from Deutsche Bank where he held multiple roles within their Wealth Management division. As Chief Operating Officer of the Latin America region, Nick was responsible for the strategic direction and the operational, financial and risk oversight of this regional sales function, managing teams covering multiple geographic locations.

Nick brings to Rhone over 20 years' experience within banking and has an extensive knowledge of the front to back workings of Asset/Wealth Management and Investment Banking divisions thus delivering sustainable performance and meaningful change.

Alexandre Semboglou, Chair of the Board of Directors, commented: "Nick's appointment will strengthen the Board as he brings extensive knowledge to this key role, and has an exceptional track record of growing businesses and delivering strategic transformation. We are delighted to welcome Nick to Rhone".

His appointment reflects the ambition of Rhone's Board to grow our position in the sector and to continue providing excellent client service.

Commenting on his new role as CEO, Nick added: "I am very excited to be joining Rhone at such an important time in its development. I have no doubt that Rhone's unique position as a leading, boutique trust company will only be strengthened further as we deliver our strategy, mission, vision and values ".

Nick's key responsibilities include overseeing Rhone's growth, managing the group's operational activities and resources and integrating large scale transformation via new operating models and efficient digitalisation. He is joining a highly ambitious team of professionals and his previous experience of continuous improvement and change will make of him a crucial asset to Rhone.