The Board of Directors of the Swiss Financial Market Supervisory Authority, FINMA, announced on Wednesday that it has appointed Marianne Bourgoz Gorgé and Alain Girard as new members of the Executive Board.
According to the press release, Bourgoz Gorgé will take up the role as Head of the Asset Management division on September 1, while Girard will take over leadership of the Recovery and Resolution division on August 1.
Executives Background
Bourgoz Gorgé has held various managerial positions in the banking sector for more than 20 years. Recently, she was the Group Chief Risk Officer at the Banque Cantonale de Genève for eight years. Having been appointed to Head of the Banks division after Thomas Hirschi was appointed to Head of the Asset Management division, Bourgoz Gorgé will take over from Philip Hinsen as the Head of Asset Management. Philip Hinsen will continue to serve as the Head of the 'Authorisation' section.
“In Marianne Bourgoz Gorgé, we are gaining an experienced risk manager who is familiar with all aspects of banking operations, ranging from credit through to asset management, from her own practical experience and who is very experienced in dealing with internal and external stakeholders,” Urban Angehrn, the CEO of FINMA, commented.
Also, Girard replaces Rupert Schaefer, who will assume the role of Executive Directive of the German Federal Financial Supervisory Authority BaFin on November 1. Girard holds a doctorate in law and has an economics degree. Currently, he is FINMA’s Head of Supervision of Small Banks and Securities Firms. Prior to this, he served as a member of the Resolution and Recovery Division.
“A combination of subject-specific knowledge and leadership skills are required to successfully lead the Recovery and Resolution division, particularly in crisis situations. Alain Girard brings both of these qualities with him. I am delighted that we have been able to find an internal successor for this very challenging role,” Angehrn pointed out.
