The board of directors of SIX has selected Sabir Sheikh to head up issuer regulation and Jared Bibler to be in charge of trading supervision at SIX Exchange Regulation.
The Swiss Financial Market Supervisory Authority (FINMA) has approved the selection. This means that the management committee of SIX Exchange Regulation, led by Corinne Riguzzi, is now fully staffed.
SIX Exchange Regulation is responsible for trading oversight and issuer regulation at all trading venues of SIX. It fulfils the regulatory responsibilities delegated to it by Swiss legislators under the self- regulation regime. SIX Exchange Regulation is independent of the trading venues it regulates both in terms of staff and organisationally. It reports directly to the chairman of the board of directors of SIX. SIX Exchange Regulation comprises two units: listing and enforcement (regulation and monitoring of issuers) and surveillance and enforcement (regulation and monitoring of participants and dealers).
Sheikh has been appointed as head listing and enforcement. Sheikh most recently worked for nine years at UBS in asset management, where he led a team of specialised lawyers as head legal from 2012. Prior to that, he spent seven years working as a lawyer at a Zurich law firm.
Bibler has been appointed as head surveillance and enforcement. From 2009 to 2012 he worked for the Icelandic Financial Supervisory Authority and the Icelandic Office of the Special Prosecutor, where he led investigations in connection with Iceland's banking crisis. He subsequently worked for Deloitte Forensic in Zurich.
Romeo Lacher, chairman of the board of directors of SIX, says: "SIX Exchange Regulation makes an important contribution to ensuring the integrity of the Swiss financial sector. It also plays a key role in the implementation of new financial market regulations. I am delighted that we have two experienced experts on board who will be able to bring their skills to bear on forthcoming projects to the benefit of the Swiss financial industry and of its participants."