Jörg Fohringer appointed B2B Leader of Cembra Money Bank

Jörg Fohringer appointed B2B Leader of Cembra Money Bank

Zurich - Cembra Money Bank appoints Jörg Fohringer as B2B Leader. He will assume this function by 1 December 2018 and become a member of the Bank's Management Board.

Since December 2016, Jörg Fohringer is Managing Director at Accarda, responsible for the strategic and operational management of the card business. Before joining Accarda, he spent more than six years at Migros as Head of Customer Relationship Management (CRM; 2010-2013) and as Head of Tactical Marketing and CRM (2013-2016). In these functions, Jörg Fohringer was, inter alia, responsible for the Cumulus programme and for the Cumulus-Mastercard, the Migros co-branded credit card which is issued by Cembra Money Bank.

Jörg Fohringer has extensive experience in business transformation, in development and implementation of strategies and in marketing in the financial services, retail and telecommunications industries. The 51-year-old Swiss citizen holds two Master degrees from the Swiss Federal Institute of Technology in Zurich (ETH Zürich) - a Master of Science in Electrical Engineering and a Master of Advanced Studies in Management.

"We are pleased that Jörg Fohringer will join our Bank to take over the B2B Leader function", says Robert Oudmayer, Chief Executive Officer (CEO) of Cembra Money Bank. "With his proven track record, Jörg Fohringer will be a valuable addition to the Management Board of Cembra Money Bank."

Contacts
Media:	Andreas Werz; [phone]; [e-mail]
Investor Relations:	[phone]; [e-mail]
Key dates
24 July 2018	Publication of half-year results 2018
17 April 2019	Annual General Meeting 2019

About Cembra Money Bank

Cembra Money Bank is a leading Swiss provider of consumer finance products and services. Its product range includes personal loans, auto leases and loans, credit cards and insurance sold with these products as well as invoice financing, deposit and savings products. Headquartered in Zurich-Altstetten, the Group has operations across Switzerland via a network of 18 branches as well as alternative sales channels such as the Internet, credit card partners, independent agents and more than 3,600 car dealers. Cembra Money Bank is an independent Swiss bank and has been listed on the SIX Swiss Exchange since October 2013. It has over 800 employees from 38 nations and about 809,000 customers.

Media release, 29 June 2018 (pdf)

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