MARKET INFRASTRUCTURE

SIX reorganises securities and post-trade business, appoints new CEO

The Swiss market infrastructure will merge SIX Exchange and SIX Securities into one business from the second quarter of 2018.

By Joe Parsons joe.parsons@strategic-i.com November 10, 2017 11:49 AM GMT

Swiss exchange group SIX has restructured its securities and post-trade business, and has appointed former Euronext COO Jos Dijsselhof as its new CEO.

SIX stated it will bundle all activities in its securities business by merging its exchange and post-trade areas into one unit, with all securities services being provided by a single division.

It will also consolidate its data business with a focus on reference data services, and has established an innovation unit which will invest in internal and external project.

The measures are set to be fully implemented in the second quarter of 2018, however until then SIX will continue to operate with its current structure.

“The changes will create synergies and efficiencies that boost the attractiveness of the offering of SIX to clients and shareholders,” stated SIX.

In addition to its restructuring, Dijsselhof will take over SIX from 1 January 2018, replacing Urs Rüegsegger who announced in May he would retire.

Dijsselhof previously served as interim CEO of Euronext for six months, and was also regional head of operations for Asia at ABN Amro Bank.