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Falcon Private Bank’s CEO leaves after stepping in during 1MDB scandal

The logo of Switzerland’s Falcon Private Bank, owned by Abu Dhabi’s International Petroleum Investment Co (IPIC), is seen at its headquarters in Zurich, Switzerland October 5, 2016. REUTERS/Arnd Wiegmann

Walter Berchtold is handing over his responsibilities at Falcon Private Bank, a year after he was asked to step in as CEO amidst a probe into the bank’s involvement in the 1MDB scandal. Martin Keller will take on the responsibility of CEO at Falcon Private Bank, according to a statement from the bank. “Walter Berchtold took charge at a critical…

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