Banque Cantonale Vaudoise to be run by former senior Swiss diplomat

The position of chairman of Switzerland’s Banque Cantonale Vaudoise (BCV) is going over to Jacques de Watteville, formerly the country’s chief negotiator with the European Union and an ex-head of the Swiss finance ministry’s international relations department.

In his post as chairman of the BCV board of directors, de Watteville will succeed Olivier Steimer, who is joining Lombard Odier as an independent member of the board of directors of the Swiss private bank, BCV said in a statement.

BCV, which is headquartered in Lausanne, capital of the canton of Vaud, is one of Switzerland’s 24 cantonal banks, lenders in which cantonal governments own either the entire capital or the controlling stake.

De Watteville received his BCV appointment, which takes effect from January 1, from the Vaud government.

De Watteville, who is a career diplomat, was Switzerland’s chief negotiator with the EU from 2015 to early 2017.

He oversaw Switzerland’s talks with the EU on all issues existing between Bern and Brussels, but for a long period in his diplomatic career he specialised in the country’s international economic and financial relations.

He has held ambassadorial positions in Brussels, London, Damascus and Beijing.

De Watteville was in charge of the finance ministry’s international relations between 2013 and 2016.

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