As of 1st July, Jürg Niederberger - an experienced private debt investor and successful entrepreneur with extensive risk management experience in banking - will take over the operational leadership of CG24 Group AG.
Niederberger returns to Switzerland after 23 years as, among other things, Chief Risk Officer Asia of a US investment bank and as co-founder of an investment boutique in Hong Kong. With his extensive experience, he will bring fresh impulses and market innovations to the Swiss market leader for marketplace lending.
Christoph M. Mueller, founder of CG24 Group AG, who took over the leadership of the company as CEO on an interim basis in 2020, is thus handing over the operational leadership to Niederberger and will concentrate on his role as Chairman of the Board of Directors.
Christoph M. Mueller, serial founder with a banking background, highlights Niederberger's extensive experience in risk management and Asian private debt as well as the high level of innovation and dynamism that the new CEO is bringing to the table for CG24. "With Jürg Niederberger, CG24 is strengthening its management team at the ideal time to go international after the corona-related consolidation phase."
"Having invested in Asian marketplace lending companies as an institutional investor since 2014, I know what works and what does not. Driving the digitalisation of CG24 Group is certainly a focus, but I see even greater potential in the consistent application of data-driven processes and analyses" - says Jürg Niederberger.
After an onboarding phase of several months with the entire CG24 Group team, Niederberger will make a "running start" and has already announced that he will quickly launch first initiatives.
Among other things, the financing structure for CG24 Group's loans will be better adapted to the needs of investors, primarily through far-reaching partnerships with institutional investors such as pension funds.
Further initiatives will be communicated in the coming months.