Following careful consideration, the board of directors, together with Camille Sednaoui, concluded that «the time is right to open the bank’s next chapter under new leadership,» according to a statement.

Florian Lang joins TradeXBank from UBS, where he currently holds a senior role in commodity trade finance. Camille Sednaoui will remain with the bank until the end of May and will work closely with Florian Lang to ensure a smooth transition.

Philippe Clémençon, chairman of the board of TradeXBank, said: «On behalf of the board of directors, I would like to thank Camille Sednaoui for everything he has achieved. He has led TradeXBank through a transformative period. Today, the bank stands on a stronger foundation.»

CRO Position to be Filled

In addition, Viviane Gabard has decided to step down from her role as Chief Risk Officer and to leave the company. Her successor will be announced in due course. Victor Gusev will assume responsibility for the risk function on an interim basis.