Swissquote announced today (Wednesday) the appointment of Nestor Verrier, as the new Chief Operating Officer. He will replace Lino Finini, who will retire at the end of this year. Verrier will assume the role on January 1, 2024.

New COO at Swissquote

"We are pleased to welcome Nestor as our new COO from January 2024," said Marc Bürki, the CEO of Swissquote. "He is highly valued by our team for his leadership work. With his international and technologically oriented background, he was the natural successor of our COO, who will retire at the end of the year."

The appointment came as an internal promotion, as Verrier has been serving as Swissquote's General Manager since 2019, stationed at the Luxembourg office. Before joining the Swiss broker, he spent 16 years at Luxembourg's Banque Carnegie, where he joined as a Senior Analyst and parted as a General Manager with two other roles in between. He started his career as a Security Engineer in 2001.

Retirement of a Veteran

Finini will step down from his role at Swissquote after spending about 23 years at the firm. He has been steering the company as the COO since March 2019. He is additionally an Executive Director and Board member of the Malta-based subsidiary of Swissquote, according to his LinkedIn profile.

Prior to the COO role, Finini held several other leadership positions at the Swiss brokerage giant.

"Swissquote would not be where it is today without Lino's insightful, resolved leadership and many successful initiatives. We wish him the best for the next chapter in his life," Bürki added.

Although Swissquote witnessed a double-digital drop in revenue and profits in 2022, the figures recovered significantly this year. In H1 2023, the company made a net income of CHF 265.6 million with an operating profit of CHF 124.8 million, both of which were record numbers. It ended the period by netting CHF 106.5 million in profits.