At its Annual General Meeting, the Swiss SIX exchange elected successors to three board members who are stepping down due to term limits and retirement.
Three long-serving board members of Swiss exchange operator SIX are stepping down, with Herbert Scheidt, Lorenz von Habsburg-Lothringen, and Juerg Gutzwiller leaving, according to a statement Tuesday.
Successors-in-Waiting
At the annual general meeting, SIX shareholders which consist of Swiss banks, elected Andreas Utermann, Sven Holstenson, and Roger Reist to four-year terms.
Utermann has been serving as chairman of Bank Vontobel and Vontobel Holding since 2022, previously serving as CEO and Head of Investment at the fund company Allianz Global Investors. Before that, he held various positions at Merrill Lynch Investment Managers for twelve years.
Combined Know-How
Holstenson is a managing partner designate of Geneva-based private bank Pictet and is responsible for Pictet Technologies & Operations and Pictet Asset Services. A Swiss national, he joined the company in 2012 and has since held various positions at the private bank. He headed Pictet Wealth Management's European business until the end of April.
Reist, also a Swiss national, is a member of the executive board of Raiffeisen Switzerland and heads the Corporate Clients, Treasury & Markets division, and held various senior positions at Zuercher Kantonalbank (ZKB). He also worked at UBS's Investment Bank as an interest rate trader and at the consulting firm PwC as a bank auditor.
The other members of the SIX Board of Directors were confirmed and will remain in their positions for the duration of their terms, according to the statement.
