The final report from the Parliamentary Commission of Inquiry (PCI) on the Credit Suisse crisis will influence Swiss banking regulations, focusing on the actions of authorities during the emergency merger with UBS. It scrutinizes the conduct of FINMA and the Swiss National Bank, highlighting potential failings by former Finance Minister Ueli Maurer. Recommendations from the PCI are expected to shape future regulations for "too big to fail" banks, with amendments likely to be proposed by the Federal Council in 2025.
Kristine Schulze has been elected to the Bank Council of Zürcher Kantonalbank, replacing Henrich Kisker, who is stepping down due to age-related term limits. A sustainability specialist with over 30 years in the financial sector, Schulze's experience is seen as a valuable addition to the council.
Baloise will expand its Board of Directors next year, increasing the number from nine to ten members. Christoph Gloor and Hans-Jörg Schmidt-Trenz will not seek re-election, with André Helfenstein and Vincent Vandendael proposed as replacements. Cevian, the largest shareholder, will be represented by Robert Schuchna, as the company aims to enhance its expertise in insurance and finance through a new "refocusing" strategy.
Baloise will expand its Board of Directors from nine to ten members, with André Helfenstein and Vincent Vandendael replacing Christoph Gloor and Hans-Jörg Schmidt-Trenz, who are not seeking re-election. Robert Schuchna will represent major shareholder Cevian, which holds nearly 10% of the company. This restructuring aims to enhance the company's insurance and financial expertise as part of a refocusing strategy to develop new services and strengthen its core business in European markets.
Patrick O. Müller has been unanimously elected as the new Chairman of the Zurich Banking Association, succeeding Daniel Hunziker. Müller, a 46-year-old Regional Director at UBS with 18 years of experience, aims to represent the financial sector in Zurich with commitment and responsibility. Hunziker, who led the Association from 2019 to 2024, will be honored for his contributions at the 2024 General Meeting.
SIX announces a leadership change as CEO Jos Dijsselhof departs for a new opportunity in the Middle East, effective January 1, 2025. He will be succeeded by Bjørn Sibbern, currently Global Head Exchanges, who has a background with Nasdaq and E*TRADE. Dijsselhof will remain until February 2025 to ensure a smooth transition.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
