FINMA Names Thomas Hirschi as Head of Asset Management
- Hirschi will commence his new position at the beginning of 2020.
The Swiss Financial Market Supervisory Authority (FINMA) announced this Monday that it has appointed a new Head of the Asset Management division - Thomas Hirschi, who will commence the new role on the 1st of January 2020.
In addition to leading the regulator’s asset management unit, Hirschi will also join the Executive Board of the Swiss agency. He joins FINMA from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) international financial center.
Thomas Hirschi
Source: RFI Summit 2019
The asset management division is made up of approximately 50 employees. The main role of the unit includes authorizing institutions, collective investment schemes, and the supervision of approved companies and their products. Altogether, the division supervises a total of around 9,800 investment funds and about 730 institutions.
Thomas Hirschi Returns to FINMA
The appointment announced today will see Hirschi return to the Swiss watchdog. Between 2004 until 2015 he held various senior positions at both FINMA and the Swiss Federal Banking Commission.
His most recent position with the regulator was Head of the Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term section within the Banks division. Previously, the 44-year-old Swiss citizen was in charge of supervising a large bank.
At ADGM, Hirschi was responsible for the authorization and supervision of both banks and insurance companies. According to the statement, he was instrumental in setting up the present structures of the regulatory authority in ADGM.
Mark Branson, CEO of FINMA
Source: Finma
Commenting on the appointment, FINMA CEO Mark Branson said: “I am delighted that Thomas Hirschi is joining FINMA’s Executive Board. As a leader with international experience, Thomas is well aware of the specific challenges facing supervisory authorities, but he is also very familiar with FINMA and the Swiss financial centre.”
The appointment of Hirschi completes the regulator’s Executive Board, after having been vacant since Michael Loretan passed away, the statement released by the regulator today said.
The Swiss Financial Market Supervisory Authority (FINMA) announced this Monday that it has appointed a new Head of the Asset Management division - Thomas Hirschi, who will commence the new role on the 1st of January 2020.
In addition to leading the regulator’s asset management unit, Hirschi will also join the Executive Board of the Swiss agency. He joins FINMA from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) international financial center.
Thomas Hirschi
Source: RFI Summit 2019
The asset management division is made up of approximately 50 employees. The main role of the unit includes authorizing institutions, collective investment schemes, and the supervision of approved companies and their products. Altogether, the division supervises a total of around 9,800 investment funds and about 730 institutions.
Thomas Hirschi Returns to FINMA
The appointment announced today will see Hirschi return to the Swiss watchdog. Between 2004 until 2015 he held various senior positions at both FINMA and the Swiss Federal Banking Commission.
His most recent position with the regulator was Head of the Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term section within the Banks division. Previously, the 44-year-old Swiss citizen was in charge of supervising a large bank.
At ADGM, Hirschi was responsible for the authorization and supervision of both banks and insurance companies. According to the statement, he was instrumental in setting up the present structures of the regulatory authority in ADGM.
Mark Branson, CEO of FINMA
Source: Finma
Commenting on the appointment, FINMA CEO Mark Branson said: “I am delighted that Thomas Hirschi is joining FINMA’s Executive Board. As a leader with international experience, Thomas is well aware of the specific challenges facing supervisory authorities, but he is also very familiar with FINMA and the Swiss financial centre.”
The appointment of Hirschi completes the regulator’s Executive Board, after having been vacant since Michael Loretan passed away, the statement released by the regulator today said.