Olivier Steimer was previously CEO of private banking at Credit Suisse

ACE Ltd shareholders have elected Olivier Steimer to the company’s board of directors.

Since 2002, Steimer has been chairman of the board of Banque Cantonale Vaudoise, based in Lausanne, Switzerland. Previously, he worked for the Credit Suisse Group from 1983 to 2002, with his most recent position at that organisation being chief executive officer, private banking international. Steimer is chairman of the foundation board of the Swiss Finance Institute and a member of the board of directors of SBB CFF FFS, the national railway company of Switzerland.

Evan Greenberg, chairman and chief executive officer of ACE Limited, said: “We are delighted to have Olivier Steimer join the ACE board of directors. Olivier brings a global perspective, broad financial services expertise and proven senior management experience to our board.”

ACE Limited leads the ACE group of companies, a major insurer and reinsurer, with business around the world and operating subsidiaries in more than 50 countries.