SIX CFO Stefan Mäder Announces Plan to Part Ways With Group
- Mr. Mäder’s decision to part ways snaps a six-year stint with SIX, though no succession candidate has been named.
SIX, an operator of financial market infrastructure, has a key void to fill in its personnel group, following the announced departure of Stefan Mäder, Group Chief Financial Officer (CFO) and Division Chief Executive Officer (CEO) of Finance and Services, according to a SIX statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
SIX helps oversee Switzerland’s financial market infrastructure, whilst offers a global cascade of comprehensive services across such areas as securities trading, clearing and settlement, among others.
Mr. Mäder’s decision to part ways with the group snaps a six-year stint with the SIX, which will see him retain several board mandates. He originally stepped into the CFO role back in 2010, having joined SIX from Zurich Financial Services. Despite the announcement, SIX does not plan to reveal a successor immediately and is eyeing February 2017 as a tentative deadline. In the interim Mr. Mäder will continue acting as Group CFO.
Stefan Mäder, CFO, SIX
While at SIX, Mr. Mäder has carved out a role as a paramount contributor to the group’s strategic direction, which includes such initiatives as the purchase of Paylife Bank in Austria and the sale of Eurex and STOXX to Deutsche Börse. During his tenure at Zurich Financial Services, he also served as the CFO of Europe General Insurance since 2007. Additional roles include positions at Zurich Switzerland, among others.
According to Urs Rüegsegger, Group CEO SIX, in a recent statement on the upcoming move and decision: "Under Stefan Mäder's leadership, finance and risk functions were further developed and given a strong international orientation. His work created an important foundation for the profitable growth of SIX."
SIX, an operator of financial market infrastructure, has a key void to fill in its personnel group, following the announced departure of Stefan Mäder, Group Chief Financial Officer (CFO) and Division Chief Executive Officer (CEO) of Finance and Services, according to a SIX statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
SIX helps oversee Switzerland’s financial market infrastructure, whilst offers a global cascade of comprehensive services across such areas as securities trading, clearing and settlement, among others.
Mr. Mäder’s decision to part ways with the group snaps a six-year stint with the SIX, which will see him retain several board mandates. He originally stepped into the CFO role back in 2010, having joined SIX from Zurich Financial Services. Despite the announcement, SIX does not plan to reveal a successor immediately and is eyeing February 2017 as a tentative deadline. In the interim Mr. Mäder will continue acting as Group CFO.
Stefan Mäder, CFO, SIX
While at SIX, Mr. Mäder has carved out a role as a paramount contributor to the group’s strategic direction, which includes such initiatives as the purchase of Paylife Bank in Austria and the sale of Eurex and STOXX to Deutsche Börse. During his tenure at Zurich Financial Services, he also served as the CFO of Europe General Insurance since 2007. Additional roles include positions at Zurich Switzerland, among others.
According to Urs Rüegsegger, Group CEO SIX, in a recent statement on the upcoming move and decision: "Under Stefan Mäder's leadership, finance and risk functions were further developed and given a strong international orientation. His work created an important foundation for the profitable growth of SIX."