Swiss FINMA CEO Mark Branson to Step Down

Source: David 2021-03-23

The Swiss Financial Market Supervisory Authority (FINMA) announced that Mark Branson is stepping down as Chief Executive Officer. He will take on the role of President of the Federal Financial Supervisory Authority BaFin in Germany from mid-2021.

According to the press release, Mark Branson joined FINMA as Head of Banking Supervision on 1 January 2010. He was promoted to Deputy CEO in 2013 and has been CEO since April 2014. Jan Blöchliger will take over the operational leadership of FINMA from 1 May 2021 and until further notice. The Board of Directors has already begun the process of selecting the new FINMA CEO.

Mark Branson, FINMA CEO: "This is a very difficult step for me to take. I am very proud of what this relatively small team has time and again achieved together in very challenging times. FINMA is only as good as its employees. I would therefore like to take this opportunity to express my sincere thanks to all our employees, to my close colleagues on the Executive Board and to the Board of Directors for their trust and cooperation over the years."

"The role of FINMA CEO is an extremely demanding job, which Mark Branson has done extraordinarily well. He has made an outstanding contribution to establishing our authority during a very eventful period for the financial markets. The fact that FINMA is in such a good position today as a nationally and internationally well-regarded authority can be credited to Mark Branson. His appointment as BaFin President is an expression of this international recognition. I thank Mark Branson on behalf of the Board of Directors and the whole of FINMA for his excellent work and his great personal commitment over the years," says Marlene Amstad, Chair of FINMA's Board of Directors.

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Swiss FINMA CEO Mark Branson to Step Down

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