Charles Pictet and Eddy Wymeersch are stepping down from the Board of Directors of the Swiss Financial Market Supervisory Authority FINMA. Charles Pictet will remain on the Board until the end of March 2013, Eddy Wymeersch until the end of this year. FINMA would like to thank both of them for their service. The Federal Council will appoint the new members of the FINMA Board of Directors as well as the new Vice-Chair in September 2012.
Charles Pictet was elected to what was then the Commission of the Swiss Federal Banking Commission (SFBC) in 2005 and to the FINMA Board of Directors in 2009. He made a valuable contribution in both of these roles during a challenging period marked by the creation of the new, integrated supervisory authority and by the financial market crisis. Anne Héritier Lachat, Chair of the Board of Directors: "With his specialist knowledge and practical experience, Charles Pictet played an important part in key regulatory projects and decisions as a long-standing member of the SFBC and the FINMA Board of Directors. I would like to take this opportunity to thank him most sincerely on behalf of all of my colleagues for his tireless efforts over the past eight years."
Eddy Wymeersch has been a member of the FINMA Board of Directors since January 2012. Chair Anne Héritier Lachat also wishes to thank him on FINMA’s behalf: "In Eddy Wymeersch, our Board is losing a seasoned and internationally renowned expert in financial market regulation. While we regret his decision, we do of course understand his motivation to focus more on his wide range of international commitments."
FINMA can continue to call on the expertise of these two members of its Board of Directors until the end of the year and the end of March 2013 respectively, thus allowing for a smooth and gradual transition.
Tobias Lux, Media Spokesperson, tel. +41 (0)31 327 91 71, email@example.com