People Moves
Senior FINMA Executive Dies, Regulator Pays Tribute
One of the top executives at Switzerland's financial regulator has died at the age of 53 after a long illness.
Michael Loretan, head of the asset management division and deputy
chief executive of the Swiss Financial Market Supervisory
Authority FINMA, has died at the age of 53 after a long
illness.
“It was with great sadness that we learned of the death of
Michael Loretan on Tuesday 22 January 2019. Although he had been
ill for a long time, his death came unexpected,” the regulator
said in a statement.
Loretan joined FINMA in 2011 after a career in the finance
industry. He was appointed a member of the executive board in
2014 and the board of directors named him as deputy CEO of FINMA
in October 2018.
“He was held in extremely high regard by employees, colleagues
and in the finance industry. Michael Loretan’s death leaves a big
void. We express our sincere condolences to his family,” FINMA
said.
