1、The Quest for Leadership:Strategy&analysis of CEO Succession in European Financial ServicesSTRATEGIC MARKET STUDYNovember 2022|GermanyStrategy&The Strategy&analysis of CEO Succession in European FS provides in-depth insights into recent CEO bank successionsIntroduction:Strategy&analysis of CEO Succe

2、ssion in European Financial ServicesSource:Strategy&analysis1BACKGROUND Todays significantly deteriorating macroeconomic environment(in particular characterized by dynamic energy prices,inflation,labor shortages/increasing wages and geopolitical uncertainty)as well as associated market uncertainty p

3、ose numerous challenges on banks Considering these market dynamics,the relevance of the CEO role increases and is under special scrutiny from all stakeholders(e.g.shareholders,employees)Throughout the last three years(09/2019 09/2022)over approximately 30 CEO successions occurred within the European

4、 banking landscape This study qualitatively and quantitatively analyzes the underlying decision patterns/parameters of banks appointing a new CEO successorSTUDY SCOPE:ANALYZED BANKS/CEO SUCCESSIONSBanks headquartersTypes of banks analyzed57%32%11%Corporate BankRetail/Private BankUniversal BankBanks

5、analyzed(selection)Credit SuisseUBSABN AMROErste GroupNordeaAarealINGBasler KantonalbankStrategy&Approximately 30 CEO successions occurred at leading European Banks throughout the last three yearsQuantitative market insights of bank CEO successions(extract)Source:Strategy&analysis;Note:1)underlying

6、reasons for remaining 10%not assignable230Primary reasons for previous CEO leaving the bank:CEO changes at leading European banks throughout last 3 years48%a new external CEOis appointed52%a new internal CEOis appointedContract terminations by CEO44%Forced resignations by the bank 26%Retirementsby C