FINMA’s strategic leadership

FINMA’s Board of Directors is the supervisory authority's ultimate management body. It is responsible for setting FINMA's fundamental strategic course and overseeing and monitoring its Executive Board.

Competencies

The Board of Directors defines FINMA’s strategic goals and decides on matters of substantial importance. It also issues FINMA ordinances and circulars, exercises control over FINMA through the Internal Audit unit and is responsible for FINMA's budget. FINMA’s Board elects the Chief Executive Officer, whose appointment must be confirmed by the Federal Council. It also elects the other members of the Executive Board, with the Chief Executive Officer being granted the right to propose candidates for membership. 

Composition

FINMA’s Board of Directors comprises seven to nine independent, expert members elected by the Federal Council. The Board of Directors assumes collective responsibility for its actions and decisions. Resolutions are passed by a majority vote of the Board members present. 

Committees

To prepare its decisions, the Board of Directors has three standing committees:

  • The Nomination Committee prepares all the personnel decisions which fall within the remit of the Board of Directors. 
  • The Audit and Risk Committee supports the Board of Directors in its oversight of the Executive Board. It is the main point of contact for the Internal Audit unit. 
  • The Takeover Committee hears appeals against decisions taken by the Takeover Board. 

The Board can also set up ad hoc committees or designate specialist members from among its ranks to act in an advisory capacity to the Board of Directors and the Executive Board. The objective here is to incorporate the Board’s specialist expertise and strategic perspective. 



Dr Thomas Bauer, Chair 

Thomas Bauer assumed chairmanship of FINMA's Board of Directors on 1 January 2016. He also chairs FINMA's Nomination and Regulation Committees. Before joining FINMA, he worked at Ernst & Young from 1994 to 2014, where he was mainly active in insolvency, banking, commercial and accounting law. He became a partner there in 1998. Prior to that, he worked as a lawyer and was also active in the banking sector. Since 1990 he has presided as a judge at the Basel-Land cantonal court in a part-time capacity, an activity which he will terminate in March 2016. Thomas Bauer has been a member of FINMA's Board of Directors since 1 August 2015.
Dr Thomas Bauer

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Philippe Egger, Vice-Chair

Philippe EggerThe insurance expert, who held a number of senior management positions at various Swiss insurance companies up to 2013, has been a member of FINMA's Board of Directors since May 2014, assuming the role of vice-chair in January 2016. He is also a member of FINMA's Audit and Risk Committee. Philippe Egger ended his professional career in 2013 as CEO of AXA Winterthur Switzerland.

Philippe Egger

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Prof. Marlene Amstad, member

Marlene Amstad, who has a doctorate in economics, is a professor at the Chinese University of Hong Kong, Shenzhen. She previously worked as an economist, deputy director and regional adviser at KOF/ETH Swiss Economic Institute, Swiss National Bank and Bank for International Settlements in Hong Kong. Marlene Amstad joined FINMA's Board of Directors on 1 January 2016.

Prof. Marlene Amstad

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Bruno Frick, member

Bruno FrickBruno Frick is an independent attorney-at-law and notary in Einsiedeln. He represented the canton of Schwyz in the Council of States between 1991 and 2011. In view of his appointment to the FINMA Board of Directors in 2013, he resigned from all mandates in the financial sector. He chairs the FINMA Takeover Committee.

Bruno Frick

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Bernard Keller, member

Bernard Keller, an economist, worked as a product manager for Nestlé in Canada und Taiwan before assuming a number of senior management positions in the banking sector in Ticino. He headed UBS branch offices in Lugano and Locarno, and was also responsible for its Private Banking division. Between 1997 to 2007, he initially acted as CEO of BDL Banco di Lugano and then of Banca Julius Baer (Lugano) SA. He subsequently took up a number of executive positions at Bank Julius Bär & Co. AG which he occupied until 2014. Bernard Keller joined FINMA's Board of Directors on 1 January 2016, and is also a member of its Audit and Risk Committee.
Bernard Keller

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Prof. Yvan Lengwiler, member

Yvan Lengwiler, who holds a doctorate in economics, is a full professor at the University of Basel. He previously worked as an economic advisor at the Swiss National Bank. Yvan Lengwiler has been a member of the Board of Directors since 2012 and is also a member of the FINMA Takeover Committee.

Prof. Yvan Lengwiler

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Günter Pleines, member

Günther Pleines A graduate in business administration, Günter Pleines worked for several years at the German Central Bank before moving to the Bank for International Settlements (BIS). His most recent position at the BIS was as head of the banking department. He has been a member of the FINMA Board of Directors since 2013 and is also a member of the FINMA Nomination Committee.
Günter Pleines

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Dr Renate Schwob, member

Renate Schwob, who is an attorney-at-law and has a doctorate in law, acted as an Executive Board member of the Swiss Bankers Association from 2004 to 2014, a position from which she retired in October 2015. Among other positions she held are the posts of legal consultant at Credit Suisse, of research assistant at the Swiss Attorney General's Office and of head of the Procedural Law section at the Federal Office of Justice. Renate Schwob joined FINMA's Board of Directors on 1 January 2016, and is also a member of its Regulation and Takeover Committees.

Renate Schwob

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Franz Wipfli, member

Prior to his role at the supervisory authority, Franz Wipfli was a member of the Group Management Board of Zurich Financial Services. He was appointed to the FINMA Board of Directors in 2012 and chairs the FINMA Audit and Risk Committee.


 

Franz Wipfli

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Declaration of vested interests of the members of FINMA's Board of Directors