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
Northern Trust commits to EU hub
19 July 2017 | Luxembourg | Reporter: Stephanie Palmer
Northern Trust is set to establish a banking presence in Luxembourg, and has appointed a new head of continental Europe, in a move that it says is “further establishing its commitment to the region”
NSE goes live with Nasdaq surveillance solution
17 July 2017 | Lagos | Reporter: Stephanie Palmer
Nigerian Stock Exchange has gone live with a new market surveillance platform powered by the Nasdaq SMARTS solution
Multifonds: Asset management industry to innovate from the inside
11 July 2017 | London | Reporter: Stephanie Palmer
Innovation in asset management will come from within the industry, rather than from start-ups or disruptors, according to a survey from Multifonds
AxiomSL sees boost from strategic investment
06 July 2017 | New York | Reporter: Stephanie Palmer
Data management and regulatory reporting technology provider AxiomSL has received its first institutional financing, with a strategic investment from TCV
Harmonisation will mean success for T2S
29 June 2017 | Warsaw | Reporter: Stephanie Palmer
More harmonisation and standardisation is required for the market to fully realise the intended benefits of the Target2-Securities platform
70 percent say cyber crime will lead to financial crisis
28 June 2017 | Warsaw | Reporter: Stephanie Palmer
The next financial crisis is ‘highly likely’ to be caused by cyber crime, and the only way to manage this is for the industry to come together, according to a panel session at The Network Forum in Warsaw
ECB calls time on struggling Italian banks
26 June 2017 | Vicenza | Reporter: Stephanie Palmer
Two Italian banks have been deemed ‘failing or likely to fail’ by the European Central Bank, and will be wound up under Italian insolvency procedures
More Industry news