Swiss Financial Market Supervisory Authority FINMA creates an Integrated Risk Expertise function and merges its Markets and Asset Management divisions

The Swiss Financial Market Supervisory Authority (FINMA) announced an organisational restructuring effective 1 April 2025, including the creation of a new cross-divisional “Integrated Risk Expertise” function and the merger of its “Markets” and “Asset Management” divisions. The changes are intended to strengthen integrated supervision and support more direct oversight, including an expansion of FINMA’s own on-site supervisory reviews. The new Integrated Risk Expertise division will consolidate risk functions and cross-divisional topics such as liquidity, capital and stress tests, credit risks, money laundering and sustainable finance, alongside related analysis, instruments and on-site reviews, and will be led by Marianne Bourgoz Gorgé. The merged Markets and Asset Management division will be led by Léonard Bôle and will also cover supervision of financial market infrastructures. Additional elements of the reorganisation include centralising policy expertise in the Supervisory Policy and Legal Expertise division, consolidating digitalisation responsibilities within Operations, and creating a FINMA Chief Risk Officer role to coordinate and optimise risk management processes across business divisions. Separately from the structural changes, Executive Board member and Deputy CEO Birgit Rutishauser will leave FINMA, with Vera Carspecken set to lead the Insurance division on an interim basis from 1 May 2025.