Andréa Maechler, former director of the Swiss National Bank (SNB), surprised the financial world when she resigned in June and took on a new role as Deputy General Manager at the Bank for International Settlements (BIS) in Basel in September 2023. Maechler had been a member of the SNB Directorate since 2015, leading the III. Department of the National Bank and contributing to various forward-looking projects. However, Martin Schlegel’s appointment as the deputy to SNB President Thomas Jordan in 2022 positioned him as a potential successor to the highest office at the National Bank.
Zeno Staub, who served as CEO of Vontobel for twelve years, recently ended his tenure at the investment house to pursue new interests. Despite an unsuccessful attempt to enter the National Council as a representative of the “die Mitte” party, Staub made significant contributions during his time at Vontobel. Under his leadership, the company shifted its focus to asset management, expanded into markets such as the USA, and completed several strategic acquisitions.
Simon Grossenbacher, CEO of Sound Capital, surprised the industry by stepping down from his position at the independent asset manager after only a few months. Grossenbacher was seen as a promising figure representing the new generation in the sector, and his departure raises questions about succession planning in the Swiss independent asset management industry.
Urban Angehrn, the director of the Swiss Financial Market Supervisory Authority (FINMA), recently announced his resignation after just two years in the role. The constant pressure and demands of the position took a toll on his health, leading him to make this difficult decision. Angehrn’s departure leaves FINMA facing unprecedented challenges, with approximately 60 employees dedicated to overseeing the “new” UBS. The agency’s president, Marlene Amstad, has faced intense media scrutiny, and finding a suitable replacement for Angehrn remains an ongoing task. Additionally, FINMA aims to gain more power from lawmakers, further complicating the situation.
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| Information | Details |
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