Zurich
10 January 2017
Reporter: Drew Nicol

SIX finds new chair in Lacher


SIX has given its interim board chair, Romeo Lacher, the position full-time with immediate effect.

Lacher has held the position on an interim basis since October 2016, succeeding Alexandre Zeller, who stepped down in September.

Based in Switzerland, Lacher holds various roles at Credit Suisse, which he will be giving up at the end of February.

Lacher welcomed the opportunity to become the permanent chair of the board at SIX as it deals with current and upcoming challenges.

He said: "SIX is well positioned, but is confronted by some major challenges. It operates in an extremely demanding environment. 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. It is now up to the board of directors, group executive board and employees of SIX to seize them together."

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Volante and Open Vector partner
16 November 2017 | New York | Reporter: Jenna Lomax
Open Vector open banking strategy will be combined with Volante’s VolPay Channel
AFME urges integrated post-trading system in EU
15 November 2017 | Brussels | Reporter: Theo Andrew
Responding on the final day of the commission’s public consultation on post trade in the Capital Markets Union, AFME urged for the “swift dismantling of the European Post-Trade Forum barriers”
Asset managers concerned about reliance on manual processes, says Confluence
15 November 2017 | Pittsburgh | Reporter: Jenna Lomax
In a recent Confluence report, 22 percent of asset managers said the reliance on manual processes was the biggest back-office challenge they faced
Another mandate win for Wolters Kluwer
08 November 2017 | Luxembourg | Reporter: Stephanie Palmer
China Everbrite Bank has selected Wolters Kluwer’s OneSumX solution to provide regulatory reporting services for its Luxembourg subsidiary CEB (Europe)
“No greater threat” than cyber, says SIFMA
02 November 2017 | Washington DC | Reporter: Stephanie Palmer-Derrien
Cybercrime poses a serious threat to financial stability, according to Kenneth Bentsen, president and CEO of the Securities Industry and Financial Markets Association
BoE raises interest rates, to mixed industry opinion
02 November 2017 | London | Reporter: Stephanie Palmer-Derrien
The Bank of England has increased its interest rates for the first time since 2007, increasing from 0.25 percent to 0.5 percent
BNP Paribas posts positive Q3 results
31 October 2017 | London | Reporter: Theo Andrew
According to BNP Paribas, this can be partially attributed to the “ramping up of new mandates” and the launch of a triparty collateral management offering
More Industry news