The Switzerland-based fintech, which belongs to the owner of the German stock exchange Deutsche Boerse Group, is hiring an expert from a competitor. 

Crypto Finance is hiring Stefan Schwitter to head its asset management arm, effective immediately, it said in an emailed statement Monday.

As the head of Crypto Finance Asset Management, which is a Finma-regulated subsidiary of Crypto Finance, Schwitter will be responsible for the product range and distribution channels and will expand the team, the statement said. 

Schwitter joins from SEBA Bank, where he ran the investment solutions business. He succeeds Bernadette Leuzinger, who was in the role since 2020.