Strong leadership for a strong bank

Our management is comprised of seasoned professionals with strong experience in finance and related fields.

  • A message from our Boards
  • Board of Directors
  • Executive Board
  • Norinvest Holding SA
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A message from our Boards

Our promise: Banking on a human scale

We live in a world of remarkable technical innovation. Today, it seems that almost anything can be had with the push of a button, and that there is hardly any part of our lives that technology does not touch. This is certainly true of the world of banking, which, although always heavily dependent on technology, is currently experiencing what may be its most profound period of technological change ever.

There is much good in this. As investors, our globalised financial system allows us access to more markets, products and services than ever before. Today individuals and small asset managers can easily make use of capabilities previously reserved only for the largest organisations, at a fraction of the cost compared to just a decade before. 

But there is another side as well. For all our communications channels and social media platforms, the modern world can sometimes feel impersonal. For all of the miracles of modern finance, banking can seem that way too. With its technical sophistication, its mathematical precision, and its impenetrable jargon, our industry today seems for many a far cry from what they used to understand under the term ‘bank’.

We are well aware of this. At Banque Cramer, we have great respect for the tools of modern finance, and have made it our business to master them. But we have never lost sight of the fact that banking is as much an art as it is a science. That is because, at heart, it serves very human ends: the creation and protection of wealth, whether for individuals or organisations, so that they can prosper, and society along with them.

As your trusted advisor, our promise is simple. You can be confident that we are very good at what we do. You can always count on us to do our job thoroughly and with your best interests in mind. And you can be sure that we will never forget what banking really is: a human endeavour, built on a strong, mutually respectful, human relationship.

Manuel Leuthold
Chairman of the Board of Directors
Cédric Anker
Chief Executive Officer


Strategic leadership

Board of Directors

Our Board of Directors is responsible for the strategic direction and oversight of our business. Its members bring a wealth of business and financial industry experience to our bank.

Members of the Board of Directors:

Manuel Leuthold

Chairman of the Board

Manuel Leuthold obtained a Master of law and a Master of Sciences (Economics) from University of Geneva.

He then joined UBS where he spent 27 years in several positions in Corporate and Institutional Banking, Commodity Finance, Trade Finance and Retail Banking in Geneva, Lausanne and Zurich where he was Head of Corporate and Institutional Clients Switzerland and Member of the Swiss Executive Committee.

He also spent 4 years as Chief Administrative Officer of the Edmond de Rothschild Group, based in Geneva and worked in Private Banking and Asset Management.

He was appointed by the Swiss Federal Council as Chairman of the Board of Directors of compenswiss (Swiss Social Security Funds) as of 1 January 2016. He is also Chairman of the Economic Development of the Canton of Vaud and sits on the boards of various banks, companies and institutions. Manuel Leuthold joined the Board of Banque Cramer & Cie SA in April 2016.

Michel Ehrenhold


Michel Ehrenhold holds degrees from the University of Geneva (law) and the London School of Economics (LL.M. in Commercial and Corporate Law), and qualified as an attorney-at-law in Geneva. He has 15 years of experience in investment banking in Zurich, where he advised numerous clients on capital markets transactions (primarily equity capital markets) and on mergers and acquisitions (M&A). Michel Ehrenhold is also a financial analyst certified by the CFA Institute (CFA charterholder).

In 2015, Michel Ehrenhold was appointed Group Secretary General at NORINVEST HOLDING SA. He joined the Board of Directors of Banque Cramer & Cie SA in April 2016.

Massimo Esposito

Board member

A founding member of Norinvest Holding SA (NIH) and its Chairman since its inception, Mr Esposito is one of NIH’s leading exponents. With NIH’s background in the industrial and property sectors, his first challenge was to refocus its activities on the financial sector, initially through asset management, later through securities dealing, and finally through the creation of Banque Cramer & Cie SA in 2003.

Alongside these roles, Mr Esposito was the driving force behind the 2007 takeover by NIH of Groupe Golay Buchel Holding (GBH), which he had chaired for 20 years. The strategic conversion of Groupe GBH – which specialised in luxury jewellery on an international scale – to the financial sector enhanced NIH’s financial strength and, under Mr Esposito’s leadership, saw it obtain a listing on the SIX Swiss Exchange stock exchange in 2008. 

Sophie Maillard

Board member

Sophie Maillard started her career as a lawyer in the Compliance Department at Credit Suisse in Zurich. In 2005, she joined the Swiss Federal Banking Commission in Bern (afterwards called FINMA) as a specialist in the Authorisation Department for Banks and Securities Trading Companies. Since 2012 she has been a partner at BRP Bizzozero & Partners SA in Geneva. The firm specialises in advising banks and financial institutions on regulatory and compliance issues. 

Ms Maillard is a lecturer at the University of Geneva for the Certificate of Advanced Studies in Compliance Management and also co-author of a publication written with Alessandro Bizzozero on relations between depository banks and independent asset managers. She joined the Board of Directors of Banque Cramer in 2015.

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Operative leadership

Executive Board

The Executive Board is responsible for the operative leadership of our bank. It is comprised of highly experienced financial industry professionals with a wide range of proven skills.

Members of the Executive Board:

Cédric Anker

Chief Executive Officer

Cédric Anker is the Chief Executive Officer of Banque Cramer since 2017. Swiss citizen, he started his career in 1987 at UBS and joined Credit Suisse in 1994 in the area of ​​commercial credits. Cédric has international business banking experience from Credit Suisse First Boston in New York and private banking expertise in the management of Swiss and international clients.

He was The Managing Director of Banque Vontobel in Geneva before joining the Executive Committee of Banque Mirabaud et Cie SA, where he was in charge of Private Banking and was also a General Partner.

Mr. Anker is a graduate of the International Bankers School in Chicago and the IMD Business School in Lausanne

Olivier Taillard

Chief Operating Officer

Olivier Taillard is the Chief Operating Officer of Banque Cramer since 2017. Born in Geneva and Swiss citizen, he started his career in 1987 at the Crédit Suisse where he worked in different positions in relation to private clientele and projects. In 1997, he joins the Corporate and Investment Bank as the Staff of the General Management and participates in the complete transformation of the bank. In 2000, he joined Dresdner Bank as Head of Logistics and Banking Operations at the Geneva branch. Then, in 2004, he joined HSBC Private Bank Switzerland as Head Business Project Management. In 2007, Julius Baer appointed him Chief Operating Officer pf the French part of Switzerland then Head Human Resources Southern Europe, Middle East & Africa, with the title of Managing Director Senior Advisor since 2015.

Due to his responsibilities, he has worked in several countries and has extensive experience in the banking industry.

Elvan Cetinel-Walker

Chief Financial & Risk Officer

Elvan Cetinel-Walker is the Chief Financial Officer of Banque Cramer since 2017.

Swiss citizen, she started her carrier in Istanbul, Turkey in 1989. She joined the Groupe Garantie Bank in 2000 and participated to the establishment of a private bank in Geneva. Before working for Banque Cramer, she was a member of the executive committee, Chief Financial Officer and Chief Risk Officer of the Banque Diamantaire (Switzerland) SA from 2001 to 2008 and then worked for IDB (Swiss) Bank Ltd. from 2009 to 2016.

Mrs Cetinel-Walker has an experience of more than 25 years in the banking sector and thus has a broad knowledge in finance and banking risks management.

She also possesses a BA of the Bosphorus University in Istanbul.

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Norinvest Holding SA

Banque Cramer & Cie SA is wholly-owned by Norinvest Holding SA (NIH), a company having family origins in the industrial sector going back to 1871.

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