SIX Elevates Romeo Lacher to Chairman of Board, Succeeding Alexandre Zeller

Nearly three months after being elevated to the role of interim chairman of SIX Swiss Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Romeo Lacher has now been appointed as the group’s full time Chairman with immediate effect, succeeding Alexandre Zeller who relinquished his role back in September 2016.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

SIX Swiss Exchange is the Switzerland’s paramount Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term for the trading of shares, bonds, investment funds, exchange traded funds (ETFs). The past few months have seen Mr. Lacher guiding the group on an interim basis, following a stint of over eight years on its Board of Directors.

Succession Plan

The succession plan was initially driven by the decision of Alexandre Zeller, who stepped down from the Board last year. In his stead, Mr. Lacher will chair the group, lending over two decades of experience. Previously, Mr. Lacher has worked in a number of senior management roles at Credit Suisse, since 1990.

Moreover, he has also served as a member of the Private Banking Management Committee for eleven years, as well as the Global Head of Private Banking Operations at Credit Suisse, among other roles. He will be parting ways with Credit Suisse next month, pending an eventual transition of his mandate.

According to Mr. Lacher, in a statement on his appointment at SIX, "I am very much looking forward to being able to definitely assume the chairmanship of the Board of SIX. Our clients' business models continue to be under pressure.”

“This is on account of various factors ranging from the current low interest rates and new regulatory provisions to technological changes. The pace of change has very much accelerated, which is having an impact on the business model and operations of SIX. I am nevertheless confident that these developments also offer new earnings opportunities to SIX,” he added.