The Executive Board manages FINMA’s operating business. It ensures that the resolutions of the Board of Directors are implemented. It also prepares the necessary files and materials for decisions to be taken by the Board of Directors.
In particular, the issuing of licenses to financial institutions, decisions on supervisory matters of cross-divisional significance and key management, organisational and personnel issues fall within the remit of the Executive Board.
The Chief Executive Officer heads the Executive Board and its divisional heads and is responsible for ensuring compliance with the budget approved by the Board of Directors. The Deputy is appointed by the Board of Directors at the request of the CEO on a rotating basis.
The authority to initiate and close enforcement proceedings employed by FINMA to assert, where necessary, supervisory law has been delegated by the Executive Board to the Enforcement Committee (ENA). This committee comprises three permanent members: the Chief Executive Officer (Chair), as well as the heads of the Strategic Services and Enforcement divisions.
Mark Branson has been FINMA’s Chief Executive Officer since 1 April 2014 and had previously acted as Deputy CEO from 1 February 2013. Before that, he had served as head of FINMA's Banks division from 1 January 2010. Mark Branson had previously assumed various management roles in the public sector at Credit Suisse, SBC Warburg and UBS.
On 17 September 2018, Birgit Rutishauser was appointed Head of the Insurance division and a member of FINMA's Executive Board. Birgit Rutishauser had previously occupied various management positions in the insurance industry, namely at Nationale Suisse and Zurich Switzerland. The Board of Directors appointed Birgit Rutishauser to the rotating role of Deputy CEO with effect from 1 June 2019.
Jan Blöchliger has been Head of Banks division and a member of FINMA's Executive Board since 16 July 2018. From 2015 to 2018 he was head of the section responsible for supervising the Credit Suisse Group, and from 2013 to 2015 he served as Secretary General of FINMA.
Léonard Bôle has been a member of the Executive Board since 1 April 2014 and is responsible for the Markets division. From 2009, he worked in leading roles in connection with the combating of money laundering, the supervision of self-regulatory organisations and authorising financial institutions. He was previously employed in the legal department of the Swiss Federal Banking Commission, one of FINMA's predecessor authorities.
Patric Eymann became a member of the Executive Board and Head of the Enforcement division in August 2016. He was previously in charge of the division’s Investigations section. A law graduate, he has worked for FINMA and the Swiss Federal Banking Commission since 1998.
Thomas Hirschi has been a member of the FINMA Executive Board since 1 January 2020 and is in charge of the Asset Management division. From 2015 to 2019, he was responsible for the supervision of banks and insurance companies licensed by the Financial Services Regulatory Authority of the Abu Dhabi Global Market and before that he held various senior positions at FINMA.
Alexandra Karg took over the Operations division on
1 October 2016 when she also became a member of FINMA’s Executive Board. Prior to that, she headed Information Products at the Stuttgart Stock Exchange and was also a member of the management board of SIX Financial Information in Zurich.
Rupert Schaefer has headed the Strategic Services division and been a member of FINMA’s Executive Board since 1 January 2015. Previously he led FINMA’s International Affairs team.
David Wyss was appointed Head of the Recovery and Resolution division at its inception in August 2016. He was previously Head of the Enforcement division. After gaining a Ph.D. in law, he joined the Legal department of the Swiss Federal Banking Commission (SFBC) in 1998 and later held various enforcement functions at the SFBC and FINMA.