Banque Cantonale de Geneve : Representation of the City of Geneva on the Board of Directors

Press release

Governance

BCGE - Representation of the City of Geneva on the Board of Directors

Geneva, 1 October 2019 - Mr. Grégoire Carasso announces his retirement from the BCGE's Board of Directors with effect at the next General Assembly on 5 May 2020.

Mr. Grégoire Carasso joined the BCGE's board of directors in 2014 as one of the two members appointed by the City of Geneva. He announced his retirement from the board with effect from 5 May 2020, the date of the BCGE's ordinary general assembly. In accordance with the BCGE's articles of association, it will be up to the administrative board of the City of Geneva (20.9% shareholder) to appoint his successor.

For further information, please contact:

Lydia Albrecht, BCGE Spokesperson: [phone] - [e-mail]

Grégory Jaquet, Deputy BCGE Spokesperson: [phone] - [e-mail]

Banque Cantonale de Genève	Website: www.bcge.ch
P.O. Box 2251	Tel. +41	(0) 58 211 21	00
1211 Geneva 2	Fax [phone]

This press release is sent outside the trading hours of the Swiss Stock Exchange (SIX), in order to comply with the ad hoc publicity rules under the Stock Exchange's listing regulations. The information takes into account the situation as at the date indicated in the header of this release.

BCGE: Banking solutions made in Geneva

A universal bank since 1816, the BCGE provides high-quality banking services for private, business and institutional clients in Geneva and its surrounding area. BCGE develops the following business lines: everyday banking services, private banking, asset management, investment funds, pension planning, mortgages and lending to the private and public sectors. It runs a trading room and offers financial engineering, business valuation and transmission, private equity and trade finance services. The BCGE Group has 21 branches in Geneva and operates a number of its business lines in Lausanne, Zurich, Basel, Lyon, Annecy and Paris. It has representative offices in Dubai and Hong Kong. It employs 811 people (of whom 761 are full-time equivalents, as at 31 December 2018). BCGE is listed on the Swiss stock exchange, SIX Swiss Exchange (security no. 35 049 471) and is rated A+/stable/A-1 by Standard & Poor's (S&P).