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Peter Simon appointed second Managing Director of ESBG and WSBI

Peter Simon appointed second Managing Director of ESBG and WSBI

​​​​BRUSSELS,  20 November 2020 – The ESBG Board of Directors as well as the WSBI Board of Directors and the WSBI General Assembly confirmed the appointment of Peter Simon (53) as second Managing Director of the European Savings and Retail Banking Group (ESBG) and the World Savings and Retail Banking Institute (WSBI).  

Peter Simon will take up his new role on 1 January 2021 and will work alongside long-serving Managing Director Chris De Noose. Mr. De Noose will leave his current role at the end of 2021. 

Born in Mannheim, Germany, Peter Simon served as a Member of the European Parliament between 2009 and 2019. He was Vice-Chairman of the Economic and Monetary Affairs Committee (ECON) between 2014 and 2019 and was Coordinator of the S&D Group in the special committees TAXE1 and TAXE2 of inquiry on tax avoidance (Tax rulings and "LuxLeaks" special committees) as well as in the Panama Paers committee of inquiry on tax evasion, money laundering and tax avoidance (PANA). 

In 2018 and 2019, Mr. Simon was Coordinator of the S&D Group in the TAX3 special committee of inquiry on financial crimes, tax evasion and tax avoidance (Paradise Papers special committee). In addition to this, he was Rapporteur and chief negociator for CRD V/CRR II; Shadow rapporteur and co-negociator of the S&D Group for the 4th and 5th AMLD (Anti-Money Laundering Directive) and Rapporteur and chief negociator for the Deposit Guarantee Schemes Directive now in force.

Prior to his career as an MEP, Mr. Simon worked as a lawyer specialised in EU affairs. He was also a lecturer in EU law at the Baden-Württemberg Cooperative State University. He currently is Plenipotentiary to the European Union at the German Savings Banks Association (DSGV).

Chris De Noose took up the Managing Director role in 1994. Under his tenure, both associations saw an important development of membership, areas of work and outreach. Chris De Noose declared: “After 26 years of leading WSBI and ESBG, I am happy to see such a strong reinforcement in the top management of our organisation. I am convinced that he will do a great job in promoting the interests of savings and retail banks all over the world”.

Press contact: Dirk Smet on +32 473 42 35 89

Notes to editor: 

About ESBG

ESBG represents the locally focused European banking sector, helping savings and retail banks in 20 European countries strengthen their unique approach that focuses on providing service to local communities and boosting SMEs. An advocate for a proportionate approach to banking rules, ESBG unites at EU level some 885 banks, which together employ 664,000 people driven to innovate at 47,500 outlets. ESBG members have total assets of €5.7 trillion, provide €1 trillion in corporate loans, including to SMEs, and serve 164 million Europeans seeking retail banking services. ESBG members commit to further unleash the promise of sustainable, responsible 21st-century banking.

About WSBI

The World Savings and Retail Banking Institute (WSBI) represents the interests of 6,760 savings and retail banks globally, with total assets of $16 trillion and serving some 1.7 billion customers in nearly 80 countries (as of 2018). Founded in 1924, the institute focuses on international regulatory issues that affect the savings and retail banking industry. WSBI supports the achievement of sustainable, inclusive, balanced growth and job creation, whether in industrialised or less developed countries. Learn more at



Communication - institutional & commercial; European Institutions