OREANDA-NEWS. Jean-Francois Ducrest, member of the Board of Directors of Valartis Group AG, has announced that he will be withdrawing from the Group Board of Directors with immediate effect. Jean-Fran?ois Ducrest was since 2008 member of the Board of Directors, since 2011 member of the Audit Committee and since 2014 Chairman of the Compensation Committee of Valartis Group.

Gustav Stenbolt, Chairman of the Board of Directors of Valartis Group AG, would like to thank Jean-Fran?ois Ducrest for his commitment and his valuable contribution to the Group and to wish him continued success in his future activities.

The search for a suitable successor will be initiated shortly. Currently, Gustav Stenbolt, Chairman, and Christoph N. Meister are represented in the Board of Directors of Valartis Group AG.

Valartis Group
Valartis Group is an international banking and finance group represented with offices in Liechtenstein, Austria, Switzerland as well as Luxembourg and Moscow. The Group's holding company is domiciled in Switzerland and is listed on the SIX Swiss Exchange. Valartis Finance Holding AG in Liechtenstein comprises the operations of the private banking and wealth management divisions, together with the private equity operations of ENR Russia Invest S.A. Valartis Finance Holding AG is subject to the consolidated banking supervision by the Financial Market Authority of Liechtenstein (FMA). Valartis Group focuses on the wealth management business for wealthy private clients and institutional investors in addition to traditional wealth manage­ment and investment advisory, it develops, manages and markets innovative niche investment products and offers specialized product packages. In doing so, Valartis Group combines a wide range of traditional private banking services with specialized advisory and classical banking services in the fields of Asset Management, Corporate Finance and Private Equity together with innovative investment products in the categories Stocks, Fixed Income, Alternative Investments and Real Estate. Valartis Group's core markets include Central and Eastern Europe, the Middle East and certain countries in North and South America and Asia.