The operator of the Swiss and Spanish stock exchanges is pulling its exchange-related businesses into one unit to become more competitive internationally.
SIX Group is combining its exchange-related businesses, which currently run in three separate units as exchanges, securities services and financial information, in a new entity called SIX Exchange Group by the end of 2022, it said in a statement Tuesday.
The realignment, which is subject to regulatory approval, serves to support growth in its international capital market infrastructure area and help develop a strong profile internationally, it said.
The entity will operate under the SIX Group holding umbrella, alongside its SIX banking services unit and its Worldline participation. The current SIX ownership structure, encompassing around 120 banks in Switzerland, as well as the board and management of the group and the individual businesses will remain unchanged, it said
