When their term of office finishes at the end of December 2011, Sabine Kilgus and Vice-Chair Daniel Zuberbühler will not be standing for re-election in their offices as members of the Swiss Financial Market Supervisory Authority FINMA Board of Directors. Both of them have made a valuable contribution to FINMA at a very difficult time during the financial crisis and to building up the authority itself. The Federal Council will announce their successors at a later date.
Sabine Kilgus had been a member of the Swiss Federal Banking Commission (SFBC) since 2008. Ms Kilgus, who is a self-employed attorney-at-law and senior lecturer for private and commercial law, specialising in financial markets law, was elected to the FINMA Board of Directors in 2009.
Daniel Zuberbühler joined the SFBC legal department in 1976 and headed the department from 1981 onwards. From 1996 to 2008 he acted as CEO of the SFBC. In 2009 he then transferred as vice-chair to the FINMA Board of Directors. He has represented FINMA on various international supervisory committees such as the Basel Committee on Banking Supervision (BCBS), the IOSCO and on committees of the Financial Stability Board (FSB).
Anne Héritier Lachat, Chair of the Board of Directors:
"In Sabine Kilgus and Daniel Zuberbühler, who considerably shaped the SFBC, two qualified and experienced specialists are leaving the FINMA Board of Directors. I would like to take the opportunity, on behalf of the FINMA Board of Directors, its Executive Board and its staff, to thank them both for their work."
Tobias Lux, Media Spokesperson, phone +41 (0)31 327 91 71, email@example.com