After MAS Decision: BSI-CEO Resignation

Stefano Coduri, former CEO of BSI Group

Stefano Coduri, former CEO of BSI Group

BSI Bank has «failed hard against money laundering regulations and the guarantee requirement», the Financial market regulators of Singapore (MAS) and Switzerland (Finma) told in a statement released on Tuesday, regarding the corruption affair of the Malaysian sovereign fund 1MDB. 

In this contect, BSI CEO Stefano Coduri has resigned with immediate effect from his position. His successor is board member Roberto Isolani.

New CEO Worked For UBS

Roberto Isolani is a Partner of Brazilian BTG Pactual Group, the former owner of BSI Bank and still an important shareholder of the Swiss bank. Isolani served as Head and Chairman of International Client Coverage Area of BTG Pactual Group. Prior to joining BTG Pactual in April 2010, he worked from 1992 to 2008 at UBS.

During his time at UBS, Isolani also served as Chief Executive Officer of UBS Securities Italia Finanziaria and UBS Corporate Finance Italia. An Italian citizen, Isolani graduated from the University of Rome, La Sapienza cum laude, in 1989.


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