Christian Katz, the acting Division CEO of Swiss Exchange, has opted to part ways with SIX following a mounting divergence in the strategic direction of the organization, according to a SIX statement.
Mr. Katz has served as SIX’s CEO since 2009, during which the Swiss Exchange catapulted itself to one of Europe’s integral stock exchanges. In a corresponding statement, the Board of Directors and the Executive Board at SIX, thanked Christian Katz “for the great commitment he has shown towards the further development of the business area Swiss Exchange and wish him all the best in both his professional and personal life.”
Mr. Katz will is slated to leave SIX at the end of April 2015 . He will be succeeded by Christoph Landis, presently the Head Operations and Deputy Division CEO of Swiss Exchange, who will oversee the responsibility for the management of the business area on an interim basis.
Despite his departure, Mr. Katz will continue working as the President of the Federation of European Securities Exchanges (FESE) until a suitable successor is established.
According to Urs Rüegsegger, Group CEO SIX in a recent statement on the departure, “In an extremely challenging environment, Christian Katz stopped Swiss Exchange from losing market share in blue-chip trading and successfully expanded SIX’s leading market position.”
“Swiss Exchange is now one of the most modern and efficient exchange platforms in the world and in an excellent position for a fast changing environment,” Rüegsegger added.