SIX, an operator of financial market infrastructure, has a key void to fill in its personnel group, following the announced departure of Stefan Mäder, Group Chief Financial Officer (CFO) and Division Chief Executive Officer (CEO) of Finance and Services, according to a SIX statement.
SIX helps oversee Switzerland’s financial market infrastructure, whilst offers a global cascade of comprehensive services across such areas as securities trading, clearing and settlement, among others.
Mr. Mäder’s decision to part ways with the group snaps a six-year stint with the SIX, which will see him retain several board mandates. He originally stepped into the CFO role back in 2010, having joined SIX from Zurich Financial Services. Despite the announcement, SIX does not plan to reveal a successor immediately and is eyeing February 2017 as a tentative deadline. In the interim Mr. Mäder will continue acting as Group CFO.
While at SIX, Mr. Mäder has carved out a role as a paramount contributor to the group’s strategic direction, which includes such initiatives as the purchase of Paylife Bank in Austria and the sale of Eurex and STOXX to Deutsche Börse. During his tenure at Zurich Financial Services, he also served as the CFO of Europe General Insurance since 2007. Additional roles include positions at Zurich Switzerland, among others.
According to Urs Rüegsegger, Group CEO SIX, in a recent statement on the upcoming move and decision: “Under Stefan Mäder’s leadership, finance and risk functions were further developed and given a strong international orientation. His work created an important foundation for the profitable growth of SIX.”