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
DTCC proposes changes to “modernise” its US equity market structure
23 January 2018 | New York | Reporter: Jenna Lomax
The proposals look to provide better access to shortened settlement processing options, for both pre-and post-trade transactions, while improving straight through processing
AIMA COO to create Canadian alternatives trade association
23 January 2018 | Toronto | Reporter: Jenna Lomax
Former AIMA COO James Burron is setting up an independent not-for-profit Canadian financial association
AIMA publishes GDPR implementation guide
23 January 2018 | London | Reporter: Jenna Lomax
The guide aims to help members understand and comply with new EU data protection rules that come into effect on 25 May
S&P reaffirms OCC’s AA+ rating
19 January 2018 | Chicago | Reporter: Jenna Lomax
S&P has reaffirmed OCC’s financial strength rating of “AA+/stable”
National Settlement Depository implements API
19 January 2018 | Moscow | Reporter: Jenna Lomax
The National Settlement Depository has applied the application programming interface to its online banking services
BNY Mellon sees asset servicing fees growth
18 January 2018 | New York | Reporter: Zsuzsa Szabo
BNY Mellon’s asset servicing fees increased 6 percent year-over-year
Societe Generale Securities Services and OFI Asset Management have executed the first transactions via the IZNES platform on the Paris market
More Industry news