SIX to Combine Exchange-Related Businesses in a New Entity

SIX adopts a new organizational structure to support its growth plans in the international capital market infrastructure (CMI) area by combining its exchange-related businesses in a new "SIX Exchange Group" entity by end of 2022.

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The entity will operate under the SIX Group holding umbrella, alongside the "SIX Banking Services" unit and the Worldline participation, with current ownership and governance remaining unchanged.

By consolidating SIX's "Exchanges", "Securities Services" and "Financial Information" business units under the roof of the new "SIX Exchange Group", these exchange-related businesses will gain more flexibility to capture market opportunities in the CMI area and develop a strong profile internationally. At the same time, the "SIX Banking Services" businesses can continue to concentrate fully on providing critical solutions in the interest of the Swiss financial center.

The new structure will also allow both business areas to further adapt their organizations for better customer focus, additional synergies and further margin improvements. In this context, and as part of the consolidation of the exchange-related businesses, the existing business units will be further optimized over the coming months.

The new organisation is planned to take effect by the end of 2022, subject to regulatory notifications and approvals. The current SIX ownership structure, encompassing around 120 banks in Switzerland, as well as the board and management of the Group and the individual businesses will remain unchanged.