CEO of Swiss regulator FINMA resigns over 'high and permanent stress level'

Urban Angehrn

Elliot Gulliver-Needham
clock • 2 min read

Urban Angehrn, the CEO of Swiss regulatory body FINMA, is set to step down from his position at the end of this month, the watchdog said today (6 September).

After taking on the role in November 2021, Angehrn was "instrumental" in the crisis around Credit Suisse and its sale to UBS in March 2023, which the regulator described as "the biggest challenge in FINMA's history". In a statement, Angehrn cited the "high and permanent stress" that came with the role, which he said had led to health consequences. Swiss foundation Ethos joins legal case against UBS takeover of Credit Suisse In his position, the CEO also oversaw the handling of risks resulting from the Russian invasion of Ukraine, the licencing of the first thousand portfolio ma...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Financial services

Trustpilot