Swiss Exchange Operator SIX Expands in U.S.

Swiss exchange operator SIX is expanding its presence in the U.S. and aims to give clients there access to all European and Asian markets with one contractual relationship.

SIX is now offering international custody services in the U.S, the Swiss exchange operator said in a press release Wednesday.

One Contractual Relationship

«This provides the opportunity for U.S,-based financial institutions to get access to all European and Asian markets across a broad range of asset classes with one contractual relationship,» head of SIX SIS Stephan Hänsele said in the statement.

The move follows the formation of SIX SIS USA Inc. and with the opening of its U.S. office.

The new SIX SIS USA office will be led by René Haag. He has an international wealth management background in both Europe and the U.S. and worked for SIX before as senior relationship manager.

Office in Connecticut

SIX’s Financial Information unit already has a U.S. office in Stamford, Connecticut, where over 100 people are employed, a spokesman told finews.com. Haag will work from Stamford for the time being.

SIX said it has a track record in delivering securities services to banks, private banks, wealth managers, broker dealers and other clients across the global financial sector through its Central Securities Depository in Switzerland and Spain.