The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX Plans Restructure Under Newly Appointed CEO

SIX is planning a series of strategic changes aimed at strengthening its competitiveness and that of the Swiss banks that own the company. Among the changes, the group will consolidate its market position in the data business, in particular in international reference data. In the securities business, it will merge its exchange trading and post-trading operations into one organisational unit, with all securities trading services provided from a single source. The group will also set up an innovation unit and establish a CHF 50 million venture fund to promote innovation within Switzerland’s financial centre.

The changes will be implemented in the second quarter of 2018 and also include plans to reorganise the company’s payments operation and hive off its card business into a separate business unit.

Jos Dijsselhof has been named as SIX CEO from January 2018 and will oversee the restructure. He succeeds Urs Rüegsegger, who announced in May that he would step down. Dijsselhof has a track record in international financial management with ABN Amro Bank, Royal Bank of Scotland and ANZ Australia & New Zealand Banking Group. Most recently, he was chief operating officer at Euronext in Amsterdam.

The shake-up follows a board level review throughout 2017, resulting in a renewed focus on core business. SIX states: “The board of directors has taken a clear stance in favour of a strong, shared financial market infrastructure in Switzerland. In this realignment, SIX will focus consistently on infrastructure services for its shareholders and the financial centre in securities, payment services and financial information, which form the company’s core business. In future, the company will operate exclusively under the SIX brand.”

Related content

WEBINAR

Recorded Webinar: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

Meet the A-Team Series:
Angela Wilbraham, CEO

It’s been 20 years since two enthusiastic entrepreneurs started tracking the financial technology industry in capital markets with the launch of A-Team Group.  It’s only fitting that on this esteemed anniversary, we share a little bit about those behind the scenes at your favourite content provider. Starting with the woman at the head of our...

EVENT

RegTech Summit APAC

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

High Performance Technologies for Trading

The highly specialised realm of high frequency trading without doubt is a great driver for a range of high performance technologies that are becoming essential tools for Wall Street. More so than the now somewhat pedestrian algorithmic trading and analytics/pricing applications that are usually cited as the reason that HPC is hitting the financial markets,...