Finma’s Rickenbacher resigns

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Joseph Rickenbacher will resign from the board of Swiss financial markets watchdog Finma for personal reasons as of late October, the organisation revealed.

Rickenbacher joined Finma in December 2012, prior to that, he was chief risk officer at UBS Wealth Management and prior to that chief credit officer at UBS.

Anne Héritier Lachat, chair of Finma’s board of directors commented:”I would like to thank Joseph Rickenbacher, also on behalf of FINMA and its Board of Directors, for his tireless efforts and commitment. His long-standing experience and valuable know-how as a banking expert strengthened the Board’s expertise, and his high level of critical thinking was always welcome.”

Finma’s board of directors still has the requisite minimum number of seven board members following Joseph Rickenbacher’s departure. The Federal Council will now decide whether additional board members should be appointed. 

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