As of 1 January 2008, the SWX Group, SIS Group and Telekurs Group will be combined into a single entity: Swiss Financial Market Services AG.
In doing so, the Swiss financial center has created the conditions which should strengthen its competitiveness and and maintain long-term Swiss sovereignty over the country’s financial market infrastructure
In particular, this reorganisation of the infrastructure enables new services to be rendered across the entire value chain, as well as a further increase in efficiency.
The new enterprise is owned solely by its users, which means that customer interests will be of paramount importance in the making of decisions. The ownership structure, which is cemented for the long term by a shareholders agreement, should ensure stability and reliability in the years to come.
“By merging Switzerland’s financial market infrastructure, we are fostering customer orientation and innovation, heightening efficiency, and contributing to the reinforcement of Switzerland as one of the world’s most important financial centres,” says Peter Gomez, chairman of the board, SFMS.