Nearly three months after being elevated to the role of interim chairman of SIX Swiss Exchange, Romeo Lacher has now been appointed as the group’s full time Chairman with immediate effect, succeeding Alexandre Zeller who relinquished his role back in September 2016.
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SIX Swiss Exchange is the Switzerland’s paramount stock exchange for the trading of shares, bonds, investment funds, exchange traded funds (ETFs). The past few months have seen Mr. Lacher guiding the group on an interim basis, following a stint of over eight years on its Board of Directors.
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The succession plan was initially driven by the decision of Alexandre Zeller, who stepped down from the Board last year. In his stead, Mr. Lacher will chair the group, lending over two decades of experience. Previously, Mr. Lacher has worked in a number of senior management roles at Credit Suisse, since 1990.
Moreover, he has also served as a member of the Private Banking Management Committee for eleven years, as well as the Global Head of Private Banking Operations at Credit Suisse, among other roles. He will be parting ways with Credit Suisse next month, pending an eventual transition of his mandate.
According to Mr. Lacher, in a statement on his appointment at SIX, “I am very much looking forward to being able to definitely assume the chairmanship of the Board of SIX. Our clients’ business models continue to be under pressure.”
“This is on account of various factors ranging from the current low interest rates and new regulatory provisions to technological changes. The pace of change has very much accelerated, which is having an impact on the business model and operations of SIX. I am nevertheless confident that these developments also offer new earnings opportunities to SIX,” he added.