Former long-standing Zurich executive joins Swiss financial watchdog

Former senior Zurich Insurance Group executive Urban Angehrn started as new chief executive of Switzerland's Financial Market Supervisory Authority (FINMA) on 1 November. Angehrn, who had been Zurich's group chief investment officer from July 2015 and a member of the Group's executive committee, replaces CEO ad interim Jan Blöchliger, who returns to his role as head of the Banks division and member of the executive board. He will recuse himself from items of business that concern his former employer, FINMA said in a statement. Michael Waldburger, who led the Banks division on an in...