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Media release, 4 November 2019
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Zurich – Ben Tellings has decided to step down from Cembra’s Board of Directors as per 31 December 2019, after almost four years of service. He was appointed as a member of the Board of Directors in 2016 and as Vice Chairman in 2017. He also serves as a member of the Compensation and Nomination Committee.
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Ben Tellings will resign for private reasons, which are not related to the Bank. Chairman Dr Felix Weber said: “On behalf of the Board of Directors, I would like to express my sincere gratitude to Ben Tellings for his valuable contributions in positioning Cembra after the IPO as a leading Swiss provider of consumer finance products and services. The Board and I have strongly benefited from his in-depth knowledge in consumer financing and banking in general”. From 2020 on, Ben Tellings will continue to contribute his extensive experience and expertise as an external consultant for selected projects.
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Cembra Money Bank AG 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 those products as well as invoice financing, deposit and savings products.
Headquartered in Zurich-Altstetten, the Bank has operations across Switzerland via a network of branches as well as alternative sales channels such as the Internet, credit card partners, independent agents and car dealers.
Cembra serves around 1 million customers in Switzerland and has around 1000 employees from 37 nations. In September 2019, Cembra completed the acquisition of the consumer finance provider cashgate. Cembra Money Bank AG has been listed on the SIX Swiss Exchange since 2013.
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