FINMA's Board of Directors Appoints Thomas Hirschi as Head of Banks division

FINMA's Board of Directors has appointed Thomas Hirschi as the new head of the Banks division with effect from 1 February 2022. 

Thomas Hirschi has led the Asset Management division since 1 January 2020 and is a member of FINMA's Executive Board. The 46-year-old was previously responsible for the supervision of banks and insurance companies at the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) for just over four years. 

Between 2004 and 2015 Thomas Hirschi worked in Swiss banking supervision, both at FINMA and at its predecessor authority, the Swiss Federal Banking Commission. Among other things, from 2009 he led the supervision of a large bank, from 2011 the supervision of retail, commercial and trading banks, and from 2014 the Risk Management section within FINMA's Banks division (see CV and photo). Thomas Hirschi is a Swiss citizen.

Philip Hinsen, who has worked for FINMA since 2010, will assume the leadership of the Asset Management division. The 36-year-old lawyer possesses in-depth knowledge and has led the Authorisation section within the Asset Management division since 2014. His interim leadership of the division will ensure continuity.