September 6, 2017 / 9:03 AM / a year ago

Falcon Private Bank swaps out chairman, CEO - sources

ZURICH, Sept 6 (Reuters) - Falcon Private Bank, one of the Swiss banks ensnared in the Malaysian corruption scandal surrounding the troubled 1MDB fund, has named Martin Keller as new chief executive as of Wednesday, replacing Walter Berchtold, its website showed.

Chairman Christian Wenger has also announced he will step down but no successor has been named yet, two sources familiar with the situation told Reuters. Zurich-based Falcon is owned by Middle Eastern investment firm Aabar Investments. (Reporting by Oliver Hirt, Editing by Michael Shields)

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