• An experienced Chief Risk Officer, Dr. Eichhorn has spent the past twenty years in senior positions at Landesbank Baden-Württemberg, Credit Suisse and RBS.

• Bank Aston is continuing to grow its C-Suite as it nears full launch to customers later this year.

Bank Aston can today announce that it has appointed Michael Eichhorn as its Chief Risk & Compliance Officer as it continues to build out its senior team ahead of its full launch later this year.

Last June, Bank Aston became the first home-grown Guernsey bank in a generation to be awarded a banking license by the Guernsey Financial Services Commission.

Dr. Eichhorn joins the Bank from one of Germany’s largest banks, Landesbank Baden-Württemberg, where he spent the last eighteen months as Group Head of Traded Risk, operating across London and Stuttgart and leading five local and three international teams.

Dr. Eichhorn previously spent a decade at Credit Suisse (now UBS), where he was most recently Country CEO for Ireland, in Dublin. Before that, he worked as Chief Risk Officer for Credit Suisse entities in Ireland and Germany and from 2015 to 2020 as Head of Global Treasury and Liquidity Risk.

Prior to that, he spent eight years at Royal Bank of Scotland Group, leaving his role as Chief Risk Officer for Group Treasury in 2014. Before his promotion as Chief Risk Officer for Group Treasury, Michael was Head of Market Risk for RBS Wealth Management, where he dealt extensively with offshore banking in the Channel Islands.

Michael said, “It’s an exciting time to be joining Bank Aston and to take the lead on building out what will be a market-leading offshore bank with a strong risk and compliance framework underpinning it.”

“Clients are demanding fast response times and agile solutions that are tailored to them, rather than being retrofitted into the tired approaches of the legacy banks – a key focus for us as we work towards onboarding our first customers in the second half of 2026.”

“I like to say that I’ve got extensive hands-on experience, having worked through market-wide and idiosyncratic crisis events over the years. I’m now moving to the Channel Islands and joining Bank Aston’s battle to reshape offshore banking.”

Among many notable positions is Michael’s 25-year lecturing work. Since 2008 he has worked as a Professor at Harz University of Applied Science, Germany and since 2016 as a Visiting Lecturer at the Federal Institute of Technology Zurich (ETH), the leading university in Switzerland according to the Times Higher Education rankings. He is also a faculty member for The Certificate of Bank Treasury Risk Management as well as a member of the European Risk Management Council, a London-based Executive Risk forum. He has (co-)authored over 50 publications on risk subjects and is the lead editor of the book Reverse Stress Testing in Banking (De Gruyter, 2021). 

Michael joins Paul Gorman, CEO, and Will Davey, CFO in the C-Suite, with more additions to come.

Paul Gorman, the CEO of Bank Aston, said, “Having Michael join us is a significant coup for Bank Aston. He is a genuine global leader in his field and adds more international authority to the Bank.”

“We continue to build out a strong team ahead of taking on our first customers later this year. The C-Suite is full of experience and offshore know-how, with the desire to tackle a cumbersome offshore banking market and bring it into the 21^st century."