SIX’s Jürg Weber to Relinquish Role as Division CEO, Payments Services

SIX Swiss Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Group’s payment services unit has undergone a key move that constitutes a shakeup at its highest level. The group’s division CEO Jürg Weber will be parting ways with SIX to pursue other entrepreneurial activities, paving the way for the appointment of Marc Schluep.

Mr. Weber has served in the role since 2015. He will be relinquishing his duties at the end of the month.

Succession plan already achieved

Marc Schluep is currently the group’s acting head of organizational development and deputy to Jürg Weber. He joined the payment services division back in 2014, and previously worked at SIX as Head of Corporate Development, with responsibility for strategic development at the company.

Mr. Weber has been an integral component of the unit, which has seen its e-commerce and omni-channel offering grow over the past two years. His leadership has been instrumental in fostering an improved suite of payment solutions, covering the traditional, online, and mobile sales channels.

Moreover, Mr. Weber was also one of the primary forces behind the relaunch of TWINT as a joint venture of the Swiss financial center in the field of mobile Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. Following the group’s strategic realignment process, he will be leaving to focus on other entrepreneurial activities.

He was also successful in augmenting and greatly bolstering SIX’s payment services business through the acquisitions of Aduno SA and the German network operator VÖB-ZVD. Mr. Weber will not be the only departure in the near future - SIX is expected to jettison upwards of 100 jobs following the Aduno integration.

Aduno integration sees Swiss consolidation

The Aduno acquisition took place in August, though the movement on the personnel front is starting only now. SIX has opted to consolidate its locations in the payments area in a bid to help localize its operations. This will see the closure of its Bedano and Oerlikon locations, along with 100 positions slated for reduction.

The acquisition saw SIX purchase the card acceptance and processing facilities of Aduno Group. Per the integration process, SIX will consolidate all the existing offices together at its Zurich head office.

Despite the announcement, the Bedano and Oerlikon branches are slated to close only at the end of 2018. However, the move will affect up to 100 positions throughout Switzerland.