Urban Angehrn is stepping down as Zurich’s Group Chief Investment Officer to become Director of the Financial Market Authority.
The Board of Directors of the Swiss Financial Market Supervisory Authority (Finma) has Urban Angehrn elected as the new director of the authority, as Finma announced on Tuesday. He will take over the office on November 1, 2021, thus succeeding Mark Bransonwho left FINMA on May 31, 2021, and Jan Blöchligerwho is currently running the business as interim director.
The 56-year-old Angehrn is currently a member of the Executive Committee and Group Chief Investment Officer of the Zurich Insurance Group (Zurich) and is Chairman of the Board of Directors of Zurich Life Insurance Company and Chairman of the Board of Trustees of the Pension Fund of the Zurich Insurance Group. He has been with Zurich for more than 14 years and previously held various positions at Winterthur, Credit Suisse First Boston and JP Morgan. Angehrn has a doctorate in mathematics from Harvard University and a master’s degree in theoretical physics from ETH Zurich.
At Zurich takes over Peter Giger, currently Group Chief Risk Officer and member of the Group Executive Board, will take on the additional tasks of Group Chief Investment Officer with immediate effect on an interim basis until a suitable successor has been found.