Swiss regulator FINMA has appointed Jan Blöchliger as head of the banks division. He will also be a member of FINMA’s executive board.
The lawyer, who has been at the firm since 2011, will take up his new role on 16 July 2018 and replaces Michael Schoch.
Mr Blöchliger has been head of general secretariat and communications at FINMA since 2013 and in 2015 he became responsible for the section responsible for supervising the Credit Suisse Group. Before joining FINMA, he worked as a lawyer in a number of commercial law firms.
Mr Schoch is leaving FINMA to "pursue a new professional challenge". He has been in the role and represented FINMA on the Basel Committee since 2014.
FINMA chief executive Mark Branson said: "I would like to thank Michael Schoch for all the work he has done for FINMA over the years. He has made a major contribution to the development of bank supervision and has been an outstanding ambassador for Switzerland on the international stage. We deeply regret his decision to leave FINMA and wish him every success in the future. Having said that we are very happy to have found a strong internal replacement in Jan Blöchliger."
Headquartered in Bern, FINMA is the Swiss government body responsible for financial regulation. The banks division employs about 100 staff members and is responsible for authorising and supervising banks and securities dealers.