SIX launches a CHF 50 million venture fund

10.11.2017 12:35

Related tags

SIX Building

SIX focuses its strategy and simplifies its organizational structure. The company will increase its commitment to innovation by launching a venture fund and establishing dedicated units to develop services to cover specific shareholder requirements. 

SIX operates the infrastructure underpinning the Swiss financial sector and offers a comprehensive range of services around the world in the fields of securities trading and settlement, financial information and payment transactions. The company is owned by its users - approximately 130 banks of various orientation and size. Since its foundation ten years ago, the environment SIX operates in has changed fundamentally (in terms of technology, new competitors, regulation and pressure on margins). As part of a strategy and organization review, the Board of Directors has, since the beginning of the year, been analysing the changing requirements that banks and the market are placing on SIX. The Board of Directors has adopted a number of strategic and organizational measures aimed at perfectly equipping SIX for the future.

One of the main elements in this realignment is the establishment of an innovation unit. Aside from bundling its own innovation projects, SIX will also establish a CHF 50 million venture fund to promote innovation within Switzerland's financial centre. This new innovation unit will also develop services to cover specific shareholders requirements, which can then be hived off in collaboration with the relevant shareholders. SIX is already active in the fintech space with the incubator and accelerator F10. In addition SIX has a number of partnerships with fintech start-ups such Veezoo or Payrexx.

Other elements of the realignment include the bundling of all activities in the securities business, the reorganization of the payments business, the separation of the card business and the consolidation of the strong market position of SIX in the data business. These measures are due to be fully implemented in the second quarter of 2018. In addition the Board of Directors of SIX has appointed Jos Dijsselhof CEO with effect from 1 January 2018. He succeeds Urs Rüegsegger, who announced in May 2017 that he would be retiring.


Picture: SIX

Please login or
register to comment

Please login or sign up to comment. Commenting guidelines

Please login or
register to use the
bookmark feature

Related tags

Read more about




By continuing to use this website you agree with our TERMS AND CONDITIONS

In order to provide the best quality for you, our system uses "cookies", which are stored on your device. Cookies are necessary to identify what information (job advertisement, questionnaire, etc) you have already seen. IP address is used for the same purposes as described above.

When creating a profile, applying to the newsletter, job subscriptions and etc, you agree that the data, which you have entered, will be stored and processed in the system in order to provide services, which you have applied for.

We do NOT sell your personal data to any 3rd party services.

You must be 18 or older years old to use our services. If you are underage, you must have a permission to use our services from your parent or guardian. It is necessary in order to store and process your data.

By continuing to use our services, you agree with the these terms. You can withdraw your agreement at any time, by deleting cookies from your device and by sending request for deleting your data to the administrator.