Alberto Franceschetti and Marzio Hug to Join FINMA’s Board of Directors

The Swiss Financial Market Supervisory Authority (FINMA) announced that the Federal Council has elected Dr Alberto Franceschetti and Marzio Hug to its Board of Directors.

According to the announcement, the two financial experts will take up their mandate on 1 January 2022 for the remaining ordinary term of office of the FINMA Board of Directors until the end of 2023. They succeed the departing members Franz Wipfli and Bernard Keller, who are both leaving the Board at the end of the year.

Prior to the appointment, Dr. Franceschetti served as Chief Financial Officer and a member of the Executive Board of elipsLife, a Liechtenstein-based life insurance company. Before that, he held managerial roles in strategy and business development in Private Banking and Wealth Management at Credit Suisse.

Hug worked for Deutsche Bank AG until 31 March 2021, most recently as a member of the Group Risk Committee and as Chief Risk Officer EMEA and Chief Risk Officer for the Asset Management Division. Prior to that, he held various management positions at Deutsche Bank AG in London, Frankfurt and Sydney in risk management and the loans business.

“FINMA’s Board of Directors will benefit from the vast experience of two Italian-speaking managers from the financial sector. Both experts bring with them more than thirty years’ experience in risk management and the loans business on the one hand, and as an entrepreneur and consultant in the insurance and financial services sector on the other hand,”Chair of the FINMA Board of Directors, Marlene Amstad said.

Earlier this year, FINMA has appointed Urban Angehrn as its new CEO​, effective 1 November 2021. He holds a Ph.D. in Mathematics from Harvard University and a Master of Science in Theoretical Physics from the Swiss Federal Institute of Technology in Zurich.