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| Liechtenstein Appoints New FMA President |
by Ulrika Lomas, Tax-News.com, Brussels
Monday, October 03, 2011
The Liechtenstein government has announced the appointment of Urs Philipp Roth-Cuony
to the key position of president of the Principality’s Financial Markets
Authority (FMA). Replacing Michael Lauber, former director of the Swiss Banking
Association (SBA) Roth-Cuony is due to assume his position as the new head of
the authority on January 1, 2012.
Delighted with the appointment of Switzerland’s Roth-Cuony, Liechtenstein’s
Prime Minister Klaus Tschütscher emphasized the “immense” importance
of the Financial Markets Authority for the Liechtenstein financial centre, and
explained that Roth-Cuony’s appointment, given his international experience
and the fact that he is a well-respected and competent individual, will serve
to further strengthen the FMA.
Roth-Cuony was chairman of the board and chief executive officer of the SBA from
2001 to 2010. With a legal background, Roth-Cuony held various executive positions
with the Swiss banking giant UBS from 1976 to 2001. With expertise in banking law, financial
market regulation and corporate law, Roth-Cuony has also written in a number
of publications on the topics of both banking and stock market law.
Congratulating the current head of the FMA Michael Lauber on his recent election
as Swiss federal prosecutor in Bern, Liechtenstein’s
Prime Minister Tschütscher thanked Lauber for his services to the financial
centre and to the FMA. Tschütscher stated that, together with his colleagues
at the authority, Michael Lauber was able in a very short period of time to
adapt the Liechtenstein Financial Markets Authority both strategically and organisationally
to the changing regulatory landscape, while also integrating the FMA into key international
supervisory organizations.
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