Head Of Swiss Financial Regulator's Banks Division Quits

(MENAFN- Swissinfo) Thomas Hirschi, head of the Banks division of the Swiss Financial Market Supervisory Authority FINMA will leave at the end of August. This content was published on July 15, 2025 - 12:27 3 minutes Keystone-SDA

• Deutsch de Finma muss neuen Leiter für den Geschäftsbereich Banken suchen Original Read more: Finma muss neuen Leiter für den Geschäftsbereich Banken suche

Hirschi will pursue a new career outside of FINMA, the regulator announced on Tuesday. According to a FINMA spokesperson, Simon Brönnimann, who is currently responsible for the Supervision of Small Banks and Securities Firms division, will now take over the management of the Banks division on an interim basis.

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Hirschi's definitive successor will be announced at a later date.

Credit Suisse crisis

Hirschi, who is stepping down, took over responsibility for the Banks division at FINMA in February 2022. He was thus in charge of the division during the height of the Credit Suisse crisis. From October 1, 2023 to March 31, 2024, he was also deputy to the then interim director Birgit Rutishauser.

Following the emergency takeover of Credit Suisse by UBS in spring 2023, Hirschi, together with the other FINMA management, vehemently defended the authority against critics: FINMA had intervened“early and resolutely” in the crisis-ridden big bank, he declared at the end of 2023 at the presentation of a FINMA report on the Credit Suisse crisis.

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