SIX executive changes sees Hernani depart
29 January 2025 Switzerland
Image: LinkedIn
SIX has reported the departure of Javier Hernani, head of the business unit Securities Services (post-trading), which will take effect from 1 February.
Based in Zurich, Hernani expanded the international post-trading business and developed the business unit into one of the most important commercial pillars of SIX.
Following his departure, José Manuel Ortiz, head clearing and repo operations, will take over the business unit on an interim basis until a successor is appointed.
Prior to the takeover of BME by SIX, Hernani was CEO of BME for seven years during his 23-year tenure with the operator of Spain’s securities markets and financial systems.
The changes to SIX’s executive board also includes the departure of Jochen Dürr after 10 years of heading the risk and security organisation of SIX as chief risk officer.
Leaving the firm on 1 February, Dürr has also led the transformation programme as part of the company's strategic realignment in 2017.
By establishing and developing a professional security organisation, he has made a significant and lasting contribution to the stability and security of SIX, the firm says.
Markus Gumpfer, head risk management, will take over the area as a member of the SIX executive board.
Commenting on the changes, SIX CEO Bjørn Sibbern says: “I would like to thank Javier and Jochen for their strong commitment to SIX. Not only have they both successfully built up and developed their respective units, they have also made a significant contribution to the successful international growth of SIX.
“In doing so, they have made a major contribution to the attractiveness of the Swiss and Spanish financial centers.”
Based in Zurich, Hernani expanded the international post-trading business and developed the business unit into one of the most important commercial pillars of SIX.
Following his departure, José Manuel Ortiz, head clearing and repo operations, will take over the business unit on an interim basis until a successor is appointed.
Prior to the takeover of BME by SIX, Hernani was CEO of BME for seven years during his 23-year tenure with the operator of Spain’s securities markets and financial systems.
The changes to SIX’s executive board also includes the departure of Jochen Dürr after 10 years of heading the risk and security organisation of SIX as chief risk officer.
Leaving the firm on 1 February, Dürr has also led the transformation programme as part of the company's strategic realignment in 2017.
By establishing and developing a professional security organisation, he has made a significant and lasting contribution to the stability and security of SIX, the firm says.
Markus Gumpfer, head risk management, will take over the area as a member of the SIX executive board.
Commenting on the changes, SIX CEO Bjørn Sibbern says: “I would like to thank Javier and Jochen for their strong commitment to SIX. Not only have they both successfully built up and developed their respective units, they have also made a significant contribution to the successful international growth of SIX.
“In doing so, they have made a major contribution to the attractiveness of the Swiss and Spanish financial centers.”
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