mourning for Michael Loreto (†53): The Vice-Director of the financial market Supervisory authority Finma on Tuesday, the 22. January, after a long illness, “for us, yet surprisingly” died. So it means, in a communication to the Finma. The consternation among the employees are big.
Michael Loreto began in the Finma in 2011 as the head of the Supervisory teams of Credit Suisse. He was since 1. April 2014 member of the Executive Board and head of the Asset Management division and was by 1. October 2018 appointed to the position of Deputy Director of the Finma.
“He was by the employees, colleagues and in the financial sector is extremely appreciated”, it means more. Michael Loreto leave a big gap. (uro)