Banque Cantonale Vaudoise announced that its board of directors appointed José Sierdo to the bank's executive board as head of the retail banking division, effective March 3, 2014. He replaces Markus Gygax, who left Banque Cantonale Vaudoise in November 2013. Sierdo worked at Lombard Odier & Cie between 1998 and 2002, after which he returned to UBS AG.