The Takeover Board plays an important role in the Swiss business world, including the financial industry. It was most recently involved in the takeover battle for Swiss asset manager GAM. It recently held board elections.
The Board of Directors of the Swiss Financial Market Supervisory Authority (Finma) elected members to the Takeover Board for its next term. It will continue to be chaired by Mirjam Eggen, with Jean-Luc Chenaux serving as vice chairman, according to a statement on Thursday.
Beat Fellmann remains a member until his term expires at the end of 2025, while Lionel Aeschlimann steps down after 12 years at the end of this year due to term limits. Aeschlimann's day job is managing partner of the Geneva-based Mirabaud Group and CEO of Mirabaud Asset Management.
The ultimate supervision of the Takeover Board and election of its members falls on Finma's Board of Directors. On January 1, it will be composed of:
- Mirjam Eggen, Chair
- Jean-Luc Chenaux, Vice-Chair
- Isabelle Chabloz
- Franca Contratto
- Beat Fellmann
- Mario Rossi
- Thomas Vettiger
- Hans-Peter Wyss
The Takeover Board seeks to ensure compliance with provisions applicable to public takeover offers and has jurisdiction to issue general rules. It issues first-instance rulings on the execution of public takeover bids. Its members include experts representing securities firms, listed companies, and investors.
