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4-Traders Homepage  >  Shares  >  Xetra  >  BAUER AG    B5A   DE0005168108

BAUER AG (B5A)

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Swiss government appoints Bauer as chairman of financial regulator FINMA

07/01/2015 | 08:41am US/Eastern
Swiss Finance Minister Widmer-Schlumpf sorts her documents before a news conference after the weekly meeting of the Federal Council in Bern

The Swiss government on Wednesday named securities lawyer and former consultant Thomas Bauer as new chairman for financial regulator FINMA.

The 60-year-old Bauer will join FINMA's board in August, and from January replace Anne Heritier Lachat as head of the body.

The government also appointed three new board members for the Swiss regulator, which is run by former UBS (>> UBS Group AG) banker Mark Branson.

They are former banking lobby lawyer Renate Schwob, former Julius Baer (>> Julius Baer Gruppe AG) banker Bernard Keller, and Marlene Amstad, a regional advisor for the Bank for International Settlements, or BIS.

(Reporting by Katharina Bart)

Stocks treated in this article : Julius Baer Gruppe AG, UBS Group AG
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